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October 10, 2008

No Confirmation Hearings for Bailout Czar
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In other economic news, the website Politico is reporting Banking
Committee Chair Chris Dodd has no plans to subject the new bailout czar
Neel Kashkari to confirmation hearings. Kashkari is the
thirty-five-year-old Treasury official tapped by Secretary Henry Paulson
to oversee the more $700 billion bailout. Like Paulson, Kashkari is a
former employee of Goldman Sachs. Kashkari graduated from business
school six years ago.



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