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Neel Kashkari: Space engineer to "bailout czar" - Seattle Times"Bailout czar" Neel Kashkari arrives on Capitol Hill last month. The 35-year-old former space engineer and Wharton MBA is head of the Treasury Department's new Office of Financial Stability. WASHINGTON — In a way, Neel Kashkari's job has always ...
The $700 Billion Question - ForbesWhether or not Congress approves the Bush administration's $700 billion Wall Street rescue plan, a question hangs in the air: Will it work? Economists and financial experts don't all agree that a taxpayer-funded purchase of troubled mortgage ...
Fie on Government-Set Loan Rates - Wall Street JournalIn regard to " First, Let's Stabilize Home Prices " by R. Glenn Hubbard and Chris Mayer (op-ed, Oct. 2): There now seems to be general agreement that offering below-market interest rates to subprime home buyers, however well-intentioned, got us into ...
John McCain's Bottom-Up Housing Bailout - US News and World ReportRepublican presidential nominee Sen. John McCain of Arizona unveiled a $300 billion housing initiative—the American Homeownership Resurgence Plan—during Tuesday night's presidential debate. The plan calls for the government to buy mortgages from ...
The economy - CNN MoneyIf you're watching the news and scratching your head wondering what bomb hit the economy, you're certainly not alone. It's rough out there. People are losing their jobs, retirement dreams are going up in smoke and personal wealth is plummeting. Here ...
America's Credit Catastrophe - US News and World ReportThis, the shaky American economy did not need. If an imploding housing bubble and energy price superspike weren't damaging enough, our ailing financial system decided to slide into full cardiac arrest. And while the White House, Congress, and Federal ...
Is the stock market ready for a comeback? - Los Angeles TimesThe economic prognosis is relentlessly bleak. Jobless numbers are soaring. Stocks are plunging. Your co-workers, your fellow passengers on the commuter train and even your dental hygienist are all volunteering that they've converted their 401(k ...
Why the $700 Billion Isn't Helping - TimeAfter last week's political theater in Washington over the $700 billion bailout bill , the stock market's continuing woes have left many people shaking their heads. Isn't that huge sack of money Treasury Secretary Hank Paulson sought supposed to be ...
Who will spend our $700 billion? Meet 35-year-old Neel Kashkari - Bloggingstocks.comHis name is not exactly familiar and his official title is a bit much -- Interim Assistant Secretary of the Treasury for Financial Stability and Assistant Secretary of the Treasury for International Economics and Development -- but 35-year-old Neel ...
European Countries Implement Separate Responses to Banking Crisis - Voice of AmericaThis has been a disastrous week for banks across Europe. Iceland's banking system has collapsed, leading to what Prime Minister Geir Haarde calls a risk of "national bankruptcy." Britain's government announced an $88 billion plan to partly ...
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