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Now that the bailout has passed; will there be jobs available in the entity that will be created?

Asked by aphilip175

Posted in Interviews and Capital Markets

04 Oct 2008

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  • Who knows? The job creation depends on the SUCCESS of this plan and not just the plan per se. At any rate, plan succeeds or not, things have to come back to normalcy. The question is WHEN? If this plan succeeds then I would say by the end of first quarter next year, we may have a good feeling.

    gupatama 04 Oct 2008

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  • R U Kidding

    neerajmjain 06 Oct 2008

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  • Whether the bailout plan succeeds or fails, it's a certainty that there will be jobs created - if not directly within the Treasury Department entity running the program, then in various private-sector asset management firms that will be hired to manage the portfolio. Candidates seeking job opportunities stemming from the bailout should keep close watch on the program's early buildup. Step one is Monday's expected announcement that Neel Kashkari, a 35 year old Treasury official and ex-Goldman Sachs vice president, will temporarily head Treasury's new Office of Financial Stability (the entity that will oversee the $700 billion program). Kashari currently is an assistant secretary for international affairs. He played a key role not only in drafting the bailout legislation, but in creating Treasury's contingency plan for such an eventuality back in 2007. He began his career as an aerospace engineer. For more details, see these stories in Monday's Wall Street Journal: http://online.wsj.com/article/SB122325337693906423.html , and http://blogs.wsj.com/deals/2008/10/06/meet-neel-kashkari-the-man-with-the-700-billion-wallet/ -- Jon Jacobs, eFinancialCareers News staff

    Jon Jacobs 06 Oct 2008

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