Kernicterus with or without jaundice
Asphyxia, as inflicted by Ranck and Windle (1959), prevented the lungs from
functioning and cutoff circulation from the placenta.  This caused a
catastrophic ischemia of the brain.  The immediate reaction would appear to
be breach of the blood-brain barrier, especially in the brainstem nuclei of high
metabolic rate, a desperate response to open any channel that might
overcome the lack of oxygen.
Lucey et al. (1964) determined that high levels of bilirubin did not damage the
brains of monkeys not subjected to asphyxia.  Bilirubin stained the same
brainstem nuclei injured by asphyxia, and only in monkeys subjected to
asphyxia.
Oxygen insufficiency, not bilirubin, is the root cause of kernicterus.  How to
avoid even a brief lapse in respiration at birth should be the first priority.  
Immediate clamping of the umbilical cord runs the risk of producing a lapse in
respiration, especially if it is clamped before the first breath.  Ischemic damage
of brainstem nuclei as found in the experiments of Ranck and Windle produces
kernicterus, with or without bilirubin.  Infiltration of bilirubin into these brainstem
nuclei simply highlights where the primary damage has occurred.