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The $700-b bailout czar

The $700-b bailout czar
An Indian to Wall Street`s rescue

An Indian American Neel Kashkari was appointed to oversee the $700 billion US financial rescue plan as stocks plunged more than 6 per cent with the Dow Jones index diving to its lowest level in almost five years.

Image: Neel Kashkari, Interim Assistant Treasury Secretary for Financial Stability, speaks about implementation of the Emergency Economic Stability Act in Washington.

Also see: Financial tsunami 2008... | US turmoil and its impact in India

Image: Copyright AFP/Getty. Any unauthorised reproduction is prohibited.

Text: Compiled by Sify Finance




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