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
I was reading online, and the Capital Research Center did a newsletter about Hank Paulson was the Chairman of The Nature Conservancy.
You can read the entire newsletter here:
http://www.capitalresearch.org/pubs/pubs.asp?ID=516