Treasury Secretary Henry Paulson Stepping Down

Posted In: Economy, Housing, U.S. Government, U.S. Treasury Dept.

Don’t know how I initially missed this one. MSNBC contributor Gina Pace wrote back on August 10:

Amid speculation that Treasury Secretary Henry Paulson would remain in his post to help the next president deal with the housing crisis, Paulson announced that he will not stay on during an interview on “Meet The Press” Sunday.

“I am very focused on getting everything done I can get done between now and January 19,” Paulson told moderator Tom Brokaw in Beijing. “I look forward to doing other things next year.”

Paulson told Brokaw that he thought it would take “well beyond” this year to work though the nation’s housing problems, and that they were at the heart of “our economic problems as a nation.”

Paulson, a former Chairman and Chief Executive Officer of Goldman Sachs, was sworn in as the 74th Secretary of the Treasury a little over two years ago on July 10, 2006.

Think Hank may be jumping ship because he has a pretty good idea of what’s in store for the economy down the line?

“Self-Help Yourself”
YouTube Video Link

Source:

“Paulson will not serve in next administration”
Gina Pace
MSNBC, August 10, 2008


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