Who is Neel Kashkari? You’d be forgiven for not knowing the Assistant Secretary of the Treasury for International Economics and Development by name. Yet as of today, he is in charge of overseeing the $700B bailout Congress passed last week on an interim basis. That makes him a very important man, indeed.

And here’s the painfully ironic part: Kashkari (cash & carry?) is a former alum of Goldman Sachs Group, just like Paulson. While there he was a vice-president. America has taken two bankers from a near-failure of a bank (without Buffet, Goldman Sachs would have folded two weeks ago) and out them in charge of a bank bailout. Paulson tapped Kashkari in 2006 to join Treasury. Since then he has been in charge of watching over the housing bubble and planning for this very scenario, hence his appointment to oversee it.

Kashkari will set up the Office of Financial Stability and organize its mandate and operations. It will be about 4 weeks before the Office begins buying out struggling assets.

Kashkari, an Indo-American from Ohio, has an M.B.A. from the University of Pennsylvania’s Wharton School of Business. He is just 35 years old.