Indian-American to rebuild Wall Street
An Indian-American, Neel Kashkari, is appointed by US Treasury Secretary Henry Paulson as the interim head for the US administration’s new Office of Financial Stability, including the Troubled Asset Relief Program, to oversee the $700-billion bailout package aimed at rescuing the US economy.
The 35-year old Neel Kashkari, whose parents migrated from Jammu and Kashmir, is at present functioning as the Assistant Secretary for International Affairs in the Department of Treasury.
Kashkari is one of nearly half-dozen Indian-Americans, including Louisiana Governor Bobby Jindal, who have served in the Bush administration at Tier Two cabinet levels. The present assignment elevates Kashkari to a much higher level of decision making in the US Government.