Did You Know...


It’s pronounced “Cash Carry”

By Michelle Malkin  •  October 6, 2008 04:44 PM

You have to laugh, but because it doesn’t hurt as much as banging your head on the wall again.

The name of Treasury Secretary Hank Paulson’s former Goldman Sachs buddy now in charge of buying up billions and billions and trillions of toxic assets to bail out the banking industry:

Neel Kashkari.

Pronounced “Cash Carry.”

Rhymes with: Trash ferry.


Add it to the list of aptronyms.


Commenter BlameAmericaLast: “I actually find more humor in his first name — Neel. Kind of brings a visual, dontcha think?”

Er, yeah.


FYI…The Treasury Dept’s official announcement:

Neel Kashkari
Assistant Secretary for International Economics and Development

Neel Kashkari was sworn in as Assistant Secretary of the Treasury for International Economics and Development on July 9, 2008. He was nominated by President Bush on November 15, 2007 and confirmed by the Senate on June 27, 2008. In this role, Mr. Kashkari is responsible for developing and executing policies for the Department to foster a more conducive investment climate for the U.S., as well as to support global economic growth.

Mr. Kashkari joined the Treasury Department in July 2006 as Senior Advisor to U.S. Treasury Secretary Henry M. Paulson, Jr. In that role, he was responsible for developing the President’s Twenty in Ten energy security plan, enhancing Treasury’s engagement with India, particularly in the area of infrastructure development, and developing and executing the Department’s response to the housing crisis, including the formation of the HOPE NOW Alliance, the development of the subprime fast-track loan modification plan, and Treasury’s initiative to kick-start a covered bond market in the United States.

Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman, Sachs & Co. in San Francisco, where he led Goldman’s IT Security Investment Banking practice, advising public and private companies on mergers and acquisitions and financial transactions. Prior to his career in finance, Mr. Kashkari was a R&D Principal Investigator at TRW in Redondo Beach, California where he developed technology for NASA space science missions such as the James Webb Space Telescope.

Originally from Stow, Ohio, Mr. Kashkari graduated from the University of Illinois at Urbana-Champaign with a Bachelor’s and Master’s degree in Engineering. He also received an M.B.A. in Finance from the Wharton School. Mr. Kashkari and his wife reside in Maryland.

Posted in: Subprime crisis