Introduction:
Last October, when the financial crisis was wreaking havoc on the U.S. economy, Congress approved a $700 billion bailout package to prevent major firms from going belly up. The government official in the eye of that storm was Neel Kashkari, a former investment banker from Goldman Sachs, who had followed his previous boss, Henry Paulson, into the Treasury department. Kashkari was responsible for building a team to oversee the bailout and also for deploying government aid to stabilize the financial system.
How did the Treasury department work with the Federal Reserve to make the decisions it did? What kind of regulations should derivatives be subjected to in the future? In an exclusive interview at Wharton San Francisco with Knowledge@Wharton, Kashkari, who left the Treasury two weeks ago, discusses these issues and more.
Source: Wharton School of Business
Download pdf of transcript | Link to online transcript and video of interview
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