Hank Paulson is new Secretary of Treasury

In a huge nod to Wall Street, Bush nominates Goldman Sachs’ Henry “Hank” Paulson for Secretary of the Treasury. This is about as high profile a cabinet pick as you can get as Paulson is one of the most well known and respected captains of finance. This follows on the heels of the high profile selection of Fox talking head, Tony Snow, for White House spokesman. It looks like Bush is signalling the business world (rather obviously) that he may need their help to keep the wheels on.

I found this quote, which in this context is rather interesting:

“The thing I learned in Washington is that just as important, or more so, as what you do is who you do it with.” -Hank Paulson, CEO Goldman Sachs

This entry was posted on Tuesday, May 30th, 2006 at 9:47 pm and is filed under Business, International Pol., Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.