"I'm a free-market Republican."
Kashkari, at an American Enterprise Institute conference, 09/19/08
 US Department of Treasury photo of the assistant secretary for financial stability (hi-res) High Resolution Image | Neel Kashkari (born July 30, 1973) Interim Assistant Secretary of the Treasury for Financial Stability and Assistant Secretary of the Treasury for International Economics and Development. Neel Kashkari was designated as the Interim Assistant Secretary of the Treasury for Financial Stability on October 6, 2008. In this capacity, Mr. Kashkari oversees the Office of Financial Stability including the Troubled Asset Relief Program. |
Mr. Kashkari joined the Treasury Department in July 2006 as Senior Advisor to U.S. Treasury Secretary Henry M. Paulson, Jr. In that role, he was responsible for developing the President’s Twenty in Ten energy security plan, enhancing Treasury’s engagement with India, particularly in the area of infrastructure development, and developing and executing the Department’s response to the housing crisis, including the formation of the HOPE NOW Alliance, the development of the subprime fast-track loan modification plan, and Treasury’s initiative to kick-start a covered bond market in the United States.
| Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman, Sachs & Co. in San Francisco, where he led Goldman's IT Security Investment Banking practice, advising public and private companies on mergers and acquisitions and financial transactions. | Neel Kashkari Explains Covered Bond Mortgage Finance |
Kashkari rigged devices in the company's Smart Structures Lab that measured distances to a precision of "an atom or two" and proved the telescope would remain stable. "He's a guy who tries to prevent dynamical disturbances, whether they were structural or financial," said Texter, who managed the telescope portion of the project for Northrop Grumman, which acquired the division of TRW working on the NASA contract.
Neel was born in Akron, Ohio, and grew up in Stow, a suburb, his first name can be translated as "blue" but is also an ancient Indian mathematical term for the number 10 trillion. His parents, Chaman and Sheila are Hindus who immigrated from the disputed region of Kashmir in the 1960s. Chaman retired from the University of Akron as an engineering professor has a doctorate in engineering, and won a Presidential award for his work in getting water to African villages, his mother is a pathologist. Neel's older sister Dr. Meera Kelley works with infectious diseases.
Neel attended Stow–Munroe Falls schools and then Western Reserve Academy in Hudson, Ohio, where he participated in football, wrestling and acting. He received departmental honors in mathematics was the Class of 1991's graduation speaker. He was a fan of heavy metal bands like AC/DC, whose lyrics dot his high school yearbook
At the University of Illinois at Urbana-Champaign, Kashkari led the mechanical-engineering portion of the school's entry in the 1997 "Sunrayce", teams designing and building solar-powered vehicles to race from Indianapolis to Colorado Springs. He earned his bachelor's degree and a masters in engineering from the University of Illinois amd his MBA from the Wharton School at the University of Pennsylvania.
Neel and wife Minal live in Silver Spring, Maryland with their dog Winslow and also own a home near San Francisco. Minal is employed as an engineer at Lockheed Martin Corporation which is based in Bethesda.
SOURCES:
- U.S. Treasury - Biography of Neel Kashkari, Assistant Secretary for International Economics and Development
- Neel Kashkari: Space engineer to "bailout czar"
- The $700 Billion Man With an Engineer's Mind
- Neel Kashkari, the $700 Billion Man - TIME
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