What doe we know about Neal Kashkari?

He has a bald head, looks like I already don't trust him.

Tom Bloom
Jonathan Somebody- IMF dude
Donna Gambrell
Don Hammond
Ruben Jeffrey former chairman of futures commodities.

meaning he's gonna further piss all over us.

In July 2006, Kashkari was appointed as a special assistant to Treasury Secretary Henry Paulson. In the summer of 2008, he was appointed assistant secretary for international economics and was confirmed in that post by the U.S. Senate.<1> Paulson named Kashkari as the interim head of the new Office of Financial Stability. He is expected to oversee the United States government's $700 billion financial stabilization program.<6> This is an interim appointment; the permanent head of the Office of Financial Stability will require Senate confirmation, which is unlikely before the November elections.<4>

Prior to joining the Treasury Department, Kashkari was a Vice President at Goldman, Sachs & Co., where he headed Goldman's information technology security investment banking practice in San Francisco. Kashkari has a Bachelor's and Master's degree in engineering from the University of Illinois at Urbana-Champaign and an MBA in 2002 from the Wharton School at the University of Pennsylvania.<2><1> Before enrolling in Wharton's MBA program, Kashkari worked for the aerospace firm TRW, where, amongst other projects, he worked on the James Webb Space Telescope.

UGH OH

Kashkari worked in the Mechanical Design Department at TRW (now Northrop Grumman Space Technology). He left after June 2000. His last technical assignment was to develop precision latching technology for the Space Interferometer Mission (SIM) and the Next Generation Space Telescope (now JWST). Kashkari designed the latches and test setup, integrated the laser distance measuring interferometers, and demonstrated that the latches could retain their precision to the nano-meter level with appropriate pre-load. This result is now being employed in the JWST wing latches, which must ensure that this contributor to primary mirror wavefront remain stable within a few nano-meters of its allocated error budget.<8>

Isn't TRW the joint that blew up every other week here in AZ or do I have it mixed up with another?

http://www.washingtonpost.com/wp-dyn/content/article/2008/10/08/AR2008100803539.html

My opinion: BushCo, seeing they're about to lose the election, is making off with the last of US Treasury cash via Goldman Sachs and AIG execs and former execs. :shrug:

For other things named TRW, see TRW (disambiguation).
TRW Inc
Fate Acquired
Successor Northrop Grumman,
TRW Automotive, and
Goodrich Corporation
Founded 1901
Defunct 2002
Location United States
Industry Automotive and Aerospace
Products Automotive, Aerospace and credit reporting
Key people David Cote
Peak size 156,000 employees
Subsidiaries Lucas CAV,
Lucas Girling,
LucasVarity Automotive,
Lucas Aerospace
TRW Incorporated was an American corporation involved in a number of businesses, mostly defense-related, but including automotive, aerospace and credit reporting.

The credit reporting business, spun off in 1996, is now called Experian.

Lucas Diesel Systems was acquired by Delphi Automotive in 2000 and is now called Delphi Diesel Systems.

On December 12, 2002, Northrop Grumman acquired the corporation.<1> The defense business was retained by Northrop Grumman. An 80.1% stake (later increased to more than 90%) in TRW Automotive Holdings, including the former LucasVarity Automotive, was spun off to The Blackstone Group, with John C. Plant retaining his position as President and the new company being renamed TRW Automotive Inc. TRW Aeronautical Systems, formerly Lucas Aerospace, was purchased by the American Goodrich Corporation.

Contents
1 History
2 Controversies and litigation
3 Former headquarters
4 References
5 External links



History
The origin of the company was in the Cleveland Cap Screw Company, founded in 1901, which eventually became Thompson Products. The 1958 merger of Thompson with the Ramo-Wooldridge Corporation (named after Simon Ramo and Dean Wooldridge) was named Thompson Ramo Wooldridge Inc., then shortened to TRW Inc. in 1965. In 1977 ESL Inc. was merged into TRW, expanding the firm's high technology data communications capability.

TRW Inc. was active in the early development of missile systems and spacecraft, most notably the NASA deep space satellites Pioneer 10 and 11 which sent information back to Earth for 30 years and continue to travel to the stars. TRW Inc. also pioneered systems engineering.

TRW was one of the first companies to build automobile safety air bags in the 1980s, but problems with the bags forced a recall by Ford Motor in 1990 and 1991. It also ran into asbestos problems, having used the material in the 1970s as brake liners.

The 1999 acquisition of the British aerospace and automotive parts maker LucasVarity doubled the size of TRW's automotive business, but saddled it with so much debt that it had to start selling businesses. The board brought in David Cote as CEO in 2001 to try to turn the business around, but he left in less than a year. In February 2002 Northrop Grumman launched a $5.9 billion hostile bid for TRW. A bidding war between Northrop Grumman, BAE Systems and General Dynamics ended on July 1 2002 when Northrop's increased bid of $7.8bn (£5.1bn) was accepted.

The research, test, and development division was renamed TRW Conekt in 2001.


Controversies and litigation
From 1974 to 1977, TRW employee Christopher John Boyce sold spy satellite secrets to the Soviet Union via the Soviet embassy in Mexico City. The story of Boyce and his accomplice, Andrew Daulton Lee, was told in the best-selling Robert Lindsey book The Falcon and the Snowman and served as basis for the 1985 film of the same title, though in the film the company was called "RTX". The book and film include stories of the lax security in place at TRW's Black Vault. Some of these included the repeated consumption of liquor and drugs while inside the vault as well as lack of proper attention to classified material handling, storage and destruction procedures.

Workers at TRW's plant in Mount Vernon, Ohio, allege that unsafe use of metalworking fluids has led to over 100 instances of severe respiratory disease since 2001

He's doing the dirty work for Paulsen. He can spin it any which way he likes, but they are partially nationalizing, increasing regulations and capping salaries.

At least Paulsen didn't just blow the 700 billion with original plan...but we know, in the end, whose at the front of the line in this bail-out and whose gonna come out looking good.

The mess this regime has gotten us into has forced the nationalization...something has to free up the credit markets and stop the slide of people taking capital out of the markets. They mentioned earlier, a year ago, banks handled 60% of the new mortgages out there, now they're only dealing with 10% (and you better believe those were only approved after a substantial downpayment and escrow)...just imagine how this squeeze is affecting businesses that need loans to keep their doors open. Without getting the credit market flowing again, this economy could come to a complete stop right in the middle of a critical fourth quarter...lots of companies are betting on this quarter just to survive.

Yep, this dude is doing Paulsen's dirty work, but face it, can he screw up any more than what's already been screwed? Maybe I'm an optimist.

:hi:

I read that they've been persuaded by Europe to use nationalization rather than simply purchasing worthless derivatives, but "Treasury Secretary Henry M. Paulson Jr. has refused to say whether the capital infusion program for banks would be bigger than the original plan to buy troubled assets." http://www.nytimes.com/2008/10/12/business/12imf.html?partner=rssnyt&emc=rss
So it looks like they're just adding that on top of the complete giveaway, and it doesn't say if they will be paying market price for the equity, or some imaginery future (inflated) value.

And "the United States and other countries have not adopted Britain’s proposal to guarantee lending between banks as a way to unlock the credit market". (same source as above) Which is most likely an effective measure. Roubini likes it. Success in that would diminish Paulson's leverage to keep pouring money into his cronies' institutions since smaller banks would be functioning and providing the necessary credit for businesses, even if the bigger houses were still in trouble. Arrrgh.

and I am curious to watch the rest of the world's reaction to the 'vague spin' today. In reality Europe will not play ball until this is done. We are watching with interest.

Note this from your link.
But on Friday, Mr. Paulson not only confirmed his intention to buy stakes in banks but gave the idea central billing. “We can use the taxpayer’s money more effectively and efficiently, get more for the taxpayer’s dollar, if we develop a standardized program to buy equity in financial institutions,” Mr. Paulson said.

add

the financial markets will become so messed up that engineers have to fix it. An engineer would not design a mission critical system with a 1 to 3 percent factor of safety.

:rofl: