Neel Kashkari plans to leave Treasury

May 8th, 2009 - 4:36 pm ICT by GD  

Neel Kashkari American “Bailout Czar,” Neel Kashkari has made it into the headlines once again but this time the reason was totally different. Neel Kashkari has announced his plans to return to his career in finance. Kashkari led the government’s $700-billion Troubled Asset Relief Program until last week. The interview was aired on Thursday for an hour. It must be mentioned that this was Kashkari’s first appearance on national television.

Though Kashkari mentioned that he wanted to return to his former career yet he did not specify if he would return to his former employer, Goldman Sachs. Kashkari mentioned that he would take his time before he made a particular decision. In his interview with Charlie Rose, Kashkari provided a brief look at the strategy that the government had adopted to overcome the financial crisis and the measures it had undertaken to stabilize the financial sector. Throughout the program he supported the program that had been criticized by many.

Kashkari mentioned an anecdote which throws light on his real character, he mentioned that he placed a index card in front of him that read “the louder he yells, the calmer I shall be.” he explained that the card helped him to deal with the fact that as leader of the TARP he could not get favorable reviews always.

In spite of being a Republican, Neel Kashkari has received praises from the Democrats as well. Timothy Geithner, the Treasury Secretary, mentioned “I deeply admire the guy. I think he’s a person of integrity. He’s creative, pragmatic and gets stuff done.”

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