You Gave the Bailout Money to That Guy?!

Be Afraid

Updated Apr. 25, 2017 4:58PM EDT / Published Oct. 06, 2008 8:45AM EDT

As the Dow flirts with a 500-point drop, the Treasury Department's latest move may cause Americans to hit the panic button a few more times. Hank Paulson has chosen a 35-year-old former vice president at Goldman Sachs, Neel Kashkari, to manage the $700 billion bailout. Kashkari is currently assistant secretary for international economics and development and an adviser to Paulson on housing issues—qualifications that may leave something to be desired, given the Bush administration's response to the subprime mortgage crisis. “I'm not saying Kashkari is another Michael Brown,” writes blogger-watchdog Josh Marshall, but he wants a full c.v., stet.

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You Gave the Bailout Money to That Guy?!