Treasury Secy. Snow Resigns

Fox News | 05/30/2006 | Fox News Alert

[tsmith130]

Treasury Secy. Snow to resign. Being replaced by Goldman Sachs Chari, Henry Paulson.

[Jake The Goose]

Snow was a good man - but a lousy salesman..

[G Larry]

'This White House ain't big enough for two Snow's, so one us has to go'

[SE Mom]

Mr. Paulson has been our Chairman and Chief Executive Officer since May 1999, and a director since August 1998. He was Co-Chairman and Chief Executive Officer or Co-Chief Executive Officer of The Goldman Sachs Group, L.P., our predecessor, from June 1998 to May 1999, and served as Chief Operating Officer from December 1994 to June 1998. Mr. Paulson is not on the board of any public company other than Goldman Sachs. He is currently the Chairman of the Financial Services Forum. He is affiliated with certain non-profit organizations, including as a member of the Board of Directors of Catalyst. He also serves on the Advisory Board of the Tsinghua University School of Economics and Management. He is Chairman of the Board of Directors of The Nature Conservancy, Co-Chairman of the Asia/Pacific Council of The Nature Conservancy and Chairman Emeritus of The Peregrine Fund, Inc.

http://www.gs.com/our_firm/corporate_information/the_leaders/board_of_directors/henry_m_paulson_jr_.html

[RobFromGa]

Hank Paulson
From Wikipedia, the free encyclopedia

Hank Paulson is an American businessman, currently the Chairman and CEO of Goldman Sachs, a large investment bank.

A devout Christian Scientist, he was raised on a farm in Barrington, Illinois. He graduated from Dartmouth College and Harvard Business School and succeeded Jon Corzine (now Governor of New Jersey) as the head of Goldman Sachs. His 2005 earnings are $29,800,000 (New York Magazine, Nov. 2005).

Paulson is an avid nature lover. He has been a member of the Nature Conservancy for decades and is the organization's Board chairman and co-chair of its Asia-Pacific Council. At Dartmouth, he was a member of Sigma Alpha Epsilon fraternity.

More on Hank: Hank Paulson's secret life Fortune magazine

[tsmith130]

Being replaced by Goldman Sachs Chari

That's Goldman Sachs CHAIR....

Note to self: proof before posting.

[Fury]

Nooooooooo!!!!!!!!!!!!!!!!!!!!!!!!

[RobFromGa]

it's ok you were in a hurry!

[demkicker]

Get ready for the shrill disapproval from all the usual commie suspects who can't stand to hear crowing about capitalism and our good economy.

I'm sure they've all been summonded to a meeting as we speak, where they're passing out the negative talking points for the week.

[cotton1706]

Well thank God he eliminated the phone tax before he left!

[the invisib1e hand]

gs has been referred to as "the evil empire."

[tsmith130]

And now I'm going to be late for work. Have a good one all!

[depressed in 06]

Did not Bush at his press conference with Blair on Friday, when asked about Snow, say that Snow had not discussed leaving the cabinet? Is this another case of Bush lied? I know there are some weasel words in his statement. Bush would do better with these personnel questions if he would just give no comment.

[Paul Ross]

The fact that he is on the Board of the Nature Conservancy is not reassuring. It is perhaps not QUITE as bad as the Sierra Club...but Close. It takes people's land and bequests, then instead of preserving natural habitat, sells it for major commercial projects...all while taking the profits to campaign against ANWR, etc

Hence this factoid is not particularly encouraging in any degree. Another Olympia Snowe? -- So yet another Snow Job.

[rockabyebaby]

Snow resigns??? What???? I thought he was the be all end all?? WTH is happening at the Bush white house????

[OldFriend]

Ah yes, the Nature Conservancy. Where large large landholders turn their land over to the conservancy, and relieve themselves of any tax burden on that land altho they maintain total control over the property.

Pity we have to be stuck with this this this this.......

[aynrandfreak]

Goldman has a lot of dems. Think NJ's Corzine

[Dick Bachert]

Another non-event in the world of American politics.

Swapping ONE friend of unbacked fiat money for another friend of paper money (Roger Sherman's term for them -- look him up) is not news: It's more of the same old.

[FreeInWV]

"It is perhaps not QUITE as bad as the Sierra Club...."

Funny, I see it as somewhat worse. The Sierra Club typically wants to make everyone's land worthless. TNC wants to then take that land & sell to the govt & developers for billions. They both exploit landowners. TNC is like the Sierra Club, just with an unheathy dose of greed.

[Doctor Stochastic]

The markets probably won't approve of this guy either.