Friday, February 6, 2015

Kashkari Bets on U. S. Rescue to Fuel Challenge of Brown

Kashkari Bets on U.S. Rescue to Fuel Challenge of Brown

Neel Kashkari, the former Goldman Sachs (GS) Group Inc. executive chosen by ex-Treasury Secretary Henry Paulson to help rescue the U.S. banking system, is readying a challenge to California Governor Jerry Brown even as the world’s 10th-largest economy reaches its highest level in more than three decades.

Kashkari, 40, who ran the $700 billion Troubled Asset Relief Program under President George W. Bush. has assembled a team of Republican campaign strategists and is talking to potential donors about taking on the 75-year-old Democrat, said Aaron McLear. a spokesman for Kashkari. Brown has raised more than $10 million for a possible re-election run after defeating Meg Whitman. the former EBay Inc. (EBAY) chief executive officer who now runs Hewlett-Packard Co. (HPQ). in 2010.

Returning the California governor’s office to Republican control for the first time since Arnold Schwarzenegger ’s term ended almost three years ago would mark a triumph for a party that is eying 36 gubernatorial races in 2014 and has already captured 29 statehouses, the most in 13 years.

“He has great courage and self-confidence,” Paulson said of Kashkari. “He was cool under pressure.”

“This is a guy who really is quite remarkable,” the ex-Goldman Sachs chief executive officer said in an interview. “He’d be an excellent candidate and excellent governor.”

Former Goldman Sachs Executive Neel Kashkari has assembled a team of Republican campaign strategists and is talking to potential donors about taking on California Governor Jerry Brown. Close

Former Goldman Sachs Executive Neel Kashkari has assembled a team of Republican. Read More

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