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Old 10-13-2008, 07:38 AM   #1
houman
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Join Date: Sep 2008
Posts: 85
Default Neel Kashkari

Don't know which one is BS (both? )

Houman

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Neel Kashkari: A Portrait of the $700 Billion Man as a Young Banker
http://blogs.wsj.com/deals/2008/10/1...-young-banker/

Posted by Heidi N. Moore

Who is Neel Kashkari?

We’ll get to that in a second. Here is who he is not: Neel Kashkari is not a wunderkind. He’s not an evil genius. He’s not a mastermind.

Kashkari, the 35-year-old interim head of the Office of Financial Stability, has been the source of great worry. Many fear he’s too young and too inexperienced to handle the task of rebuilding the nation’s financial system.


Of course, Kashkari may just have the job for a few months. Paulson made clear he will appoint somebody and try to get the new person confirmed in November, and that person would transition into the next administration.

Forty-five days isn’t a long period in normal times, but in this crisis it’s an age. To get a better understanding of him, Deal Journal spoke to people who knew Kashkari well in his childhood and during his time at Goldman Sachs to find out the character and working style of the man who is managing the nation’s bailout.

Here’s the portrait that emerged: Kashkari is smart, dutiful, detail-oriented, and takes orders well. In the parlance of investment banking, he is a good “execution guy”: He leaves strategy to the bigwigs. But if you give him a project, he will prioritize, delegate and finish it.

These people report he has an amiable manner and is a good, intent listener. He doesn’t make waves and never dominates a discussion; he thinks before he speaks and he lets people express themselves. He is particularly good at presenting complicated ideas and leading team projects that depend on gaining cooperation from others. Those include the Sunrayce project to build a solar car as well as his work on the space telescope. “Neel is just plain good, with a high standard of ethics,” said Dr. Surinder Bhardwaj, a Hindu community priest who is a close family friend to the Kashkaris in Ohio. “This is a responsibility that requires the interest of the nation as a whole, and requires a very strong base of morality, which he has.”

Kashkari comes from a small, tight-knit community of Indian Hindus in Ohio, where his parents had a high profile in the local community. His mother, a pathologist, was known as a community resource. “She’s a good listener and helps guide people out of stressful situations,” said Dr. Bhardwaj. “They are very compassionate people, his parents, and maybe that’s where he’s getting his value system from.” Kashkari’s father is a retired engineer with a bent to public service, particularly in West Africa, where he spearheaded efforts to bring electricity and clean water to poor villages. Kashkari met his wife, Minal, in college at the University of Illinois Urbana-Champaign. They were married in a traditional Indian ceremony in Chicago where participants remember the bride being carried in on a festive palanquin and Kashkari, busy even then, taking the time to put each guest at ease.

Kashkari first worked at Goldman Sachs during the summer between his two years at Wharton, and impressed well enough to get a full time job after graduation. Academically, Kashkari was not outstanding, said a person familiar with the matter, but he appealed to Goldman’s recruiters because, as a former engineer, he was different than the usual aspiring investment banker. Kashkari’s head – shaved bald even then – also differentiated him from the reigning Goldman aesthetic, sometimes mockingly referred to as “The Borg” by rivals. “Everyone at Goldman has a full head of hair and went to prep school and Dartmouth and played lacrosse. That’s not Neel,” said an investment banker who knew him.

Goldman’s investment bankers were most impressed by Kashkari’s science background. His experience working on the James Webb Space Telescope for NASA contractor TRW gave him a comfort with technological jargon that would help Kashkari communicate with technology-company executives. Kashkari also spoke passionately of his entry in a car competition, the 1997 Sunrayce event in which Kashkari’s team built and raced a solar-powered car. His team didn’t win, but it did earn kudos. While other bankers at Goldman would often discuss their project du jour or details of a presentation even in their off-time, Kashkari often discussed cars and the Sunrayce experience.

When Kashkari returned to Goldman Sachs after business school, he worked with senior bankers advising companies in the software sector. As a junior banker, he did not have many responsibilities of his own; it was his job to prioritize and execute on the tasks given to him by others. (In many ways, that has also been Kashkari’s job at Treasury, where the strategy has been set by Hank Paulson.)

Kashkari did well enough that his bosses gave him an obscure sector to research and cover : information technology software, which included antivirus-program makers. The sector included many tiny companies that rarely hired or needed investment bankers, and Goldman Sachs did not have meaningful relationships with the leading companies. Kashkari impressed colleagues with his technical skill. Much of his job, however, was building relationships, a task that, in the world of investment banking, takes years. Although a few mergers and financings emerged from his work, many were not publicly disclosed because of their small size.

After Kashkari had spent only a couple of years covering IT software, the head of Goldman Sachs’s technology group, George Lee, recommended him to Paulson, who had then moved to Treasury.

“I never thought I’d see him in government,” said one banker who knew him. “He enjoyed being a banker and the respect that was conferred on him as being a Goldman banker.”

The rest, as they say, is history.

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http://www.whatdoesitmean.com/index1150.htm

Top Area 51 ‘Stargate Commander’ Given Total Control Of $700 Billion US Bailout
By: Sorcha Faal

Russian Military reports circulating in the Kremlin today are stating that the entire $700 billion bailout package just signed into law by President Bush has been put into the hands of one single man by the US Secretary of the Treasury Henry Paulson in one of the strangest moves yet committed by the United States in its managing the total collapse of the World’s entire financial structure.

What makes this move so strange is that the man being tasked with saving the entire Western banking structure is an Indian-American named Neel Kashkari [photo second left] who though currently serving as the senior advisor to the US Treasury Secretary is better known in Russian Intelligence circles as the American aerospace engineer known as the ‘Stargate Commander of Area 51’ as prior to his entering the higher echelons of the US financial structure was one of NASA’s top scientists who created, among other technological wonders, the James Webb Space Telescope which is due to replace the failing Hubble.

Mr. Kashkari, these reports state, was employed by the American defense conglomerate TRW, which among its many government contracts includes its ultra secret projects at the Groom Lake, Nevada, otherwise known as Area 51:

“Area 51”, officially designated as an "operating location near Groom Lake, Nevada", is the nation's leading-edge aerospace research, development and testing complex, managed by the Air Force Flight Test Center Detachment 3 (AFFTC DET 3), headquartered at Edwards Air Force Base in Southern California.

This sprawling Nevada site is one of America's most vital conglomerate defense R & D complexes with a primary emphasis on weapons systems integration with avionics and aeronautics, employing an average of anywhere from 1200 to 1800 defense contractors personnel who work with various projects under highly compartmentalized programs and in various shifts and durations, such as on daily basis, weekly or even months-long assignments. The huge complex is equipped with fully sufficient accommodations for the contractors personnel who need to stay on the base until their assignments or projects are completed.”

These reports further state that Mr. Kashkari had just returned to the United States from Iraq where he was the lead investigator into the mass suicide of American troops attempting to ‘open’ what is described as a ‘stargate’ in the ancient Iraqi city of Babylon, and as we had previously reported on in our September 10th report “US Troops Commit Mass Suicide After Babylon ‘Stargate’ Opened”.

This task was particularly suited to Mr. Kashkari, these reports continue, due to his previous work with what is described as the ‘ancient technology’ currently being held by the United States at their Area 51 complex, and which has long been rumored to also hold the remains of aliens and their spacecrafts retrieved by the Americans over the past 60 years, and which earned him the Russian Intelligence codename of ‘Stargate Commander’.

Though it will most certainly pass without either knowledge, or comment, among the American people why the staggering sum of $700 billion entrusted by them to their government is going to an aerospace engineer instead of a World-Class economist, it has not escaped ours, especially when viewed in the light of these Americans last attempt to open the Babylon Stargate which resulted in the near destruction of CERN’s Large Hadron Collider (LHC) which was being used as the ‘power source’ for this attempt to ‘contact the gods’, and which we had reported on previously in our September 11th report “CERN Attempt To ‘Talk To God’ Nails Heart Of Earth…Again”.

Further to be noticed of these events is that Pope Benedict XVI has begun the historic reading of the entire Christian Bible from Rome, and which is one of the most ancient, and feared, rites of Christendom meant to presage what they term as the beginning of the “Last Days”. This particular event should be particularly noticed as it is occurring at the same moment that Britain is preparing to end a 300-year-old exclusion of Catholics from the line of succession.

The greater significance of Pope Benedict’s actions we had, also, previously reported on in our April 23rd report “US-British Leaders Swear Allegiance To Pope As England Destroyed”, wherein we had detailed the former British Prime Minister Tony Blair’s sudden resignation and nearly immediate conversion to Catholicism in Rome.

Not to be overlooked in this “Grand Trine of Ages” [the merging of Rome-London-Washington D.C. into a new Babylon] being led by the British Empire is what is being called in some Russian Intelligence circles as the ‘final pegging’, where the United States will fall completely under the authority of the British Crown, and which for the first time in American history is now possible with the likely ascendancy of Barack Obama to the Presidency as under the British Nationality Act, 1948, his Kenyan father was a British citizen, along with all of his children, making the future American President a subject of the Queen as he has never renounced his allegiance to her throne.

To our most ancient of history we must look too as during the last age when the attempts were made to open the Babylon Stargate our World was met with near total destruction, and as told in the most ancient of stories surrounding what is now called the Tower of Babel.

From those most ancient of days the surviving physical reminders are the 30 Egyptian obelisks that have survived into our times for our warning/instruction, and of which only 7 remain in Egypt as 13 were removed to Rome as the ‘New Center of Babylon’, with the others being strategically placed in London, Israel, Turkey, France and New York. But, to the ‘newest’ of these obelisks, and the modern one meant to ‘merge’ the power of the ancients, one need only look to the center of Washington D.C. where the largest of these ancient monuments rears it defiance to the heavens and is called the Washington Monument.

It goes without our saying that it is neigh impossible for all but the most initiated in these matters to fully comprehend the fullest imports of these events, and of our words herein describing them. But, to our greatest understanding of these things it lies with the coming Full Moon as Mercury ends it retrograde and our Sun aligns once more with Neptune this coming week wherein the greater mysterious will be revealed more fully for those truly seeking knowledge, and which, and as always, we will dutifully report on.

Last edited by houman; 10-13-2008 at 07:40 AM.
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