Who is Neel Kashkari?
His name may not sound familiar, but he is popularly now known as the $700 Billion man. He is just the guy who has been appointed this week as the Treasury Department’s point man to launch a program for buying troubled housing assets. The weight of the world is on his shoulders now and the task that lies ahead is not easy.
Neel Kashari is an aerospace engineer who used to design NASA satellites before joining Wall Street. A product of a Midwestern family that thrives on complicated subjects, he is 35 and a two-year veteran at the Treasury. He grew up in Stow, Ohio and attended Western Reserve Academy. He earned his bachelor’s degree and masters in engineering from the University of Illinois. He also has an MBA from the Wharton School at the University of Pennsylvania.
Working with the Treasury, Kashkari played a great role in the formation of the Hope Now Alliance, a partnership among mortgage lenders, credit counselors and investors to help at-risk homeowners avoid foreclosure by modifying mortgages, including working through several nights to negotiate the bailout deal with Congress.
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