The $700bn man

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You’re looking at the man who, according to today’s New York Times, is now responsible for ‘choosing which US financial institutions live, and which die’. He’s 35, and the assistant Treasury secretary for financial stability, Neel T Kashkari. His qualifications? He used to be a banker at Goldman Sachs, and is 6 years out of business school.

The blog feels distinctly underwhelmed. At this critical moment, was there really nobody in Washington capable of providing sound advice based on actual experience of managing financial crises?

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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