The $700bn man

Economic growth, Financial Events, Leverage
By Paul Hodges on 12-Oct-2008

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?