So nice, buddies helping each other.
The Treasury Department moved swiftly Monday to implement the financial rescue package, naming a former Goldman Sachs executive to oversee spending the $700 billion earmarked for the plan and pledging to work with other countries to calm global financial markets.
The administration announced it had tapped Neel Kashkari, 35 - an assistant Treasury secretary for international affairs - to head the Treasury's new Office of Financial Stability on an interim basis.
Kashkari helped draft the legislation as one of Treasury Secretary Paulson's close advisers on the crisis. Kashkari joined the government after working at Goldman Sachs, the firm Paulson headed before joining the Bush administration in 2006.
The President's Working Group on Financial Markets, which includes Paulson and Federal Reserve Chairman Ben Bernanke, said it would move "with substantial force on a number of fronts" to implement the expanded authorities granted to the government when Congress passed the emergency rescue package last Friday.