Treasury Secretary John Snow resigns

In a move that has been widely expected for some time, Treasury Secretary John Snow has resigned, and Bush has nominated the chairman of prominent financial firm Goldman Sachs, Henry Paulson, as his replacement.

This won't be Paulson's first stint with the government. He was a Pentagon aide during part of the Vietnam War, serving as staff assistant to the Assistant Secretary of Defense, and later worked as part of Nixon's White House Domestic Council as assistant to John Erlichman, who was a key Watergate figure, convicted of conspiracy, obstruction of justice, and perjury. When the administration for which he working began to crumble under the weight of scandal, he headed off to a job at Goldman Sachs in 1974.

And now comes his grand return to government--in the middle of a foreign war from which its architects can't seem to extricate us, and for an administration plagued with scandal, including figures indicted on charges that, well, certainly ought to seem familiar.

Apparently, Paulson is best suited for Treasury Secretary mostly because there's no Secretary of Full Circles.

(Link via Memeorandum)

--> Sign up for Peek in your inbox... every morning! (Go here and check Peek box).

#story_page_ below_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.