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Born at the Crest of the Empire

Tuesday, May 30, 2006

Paulson's first day

The US dollar fell sharply on Tuesday as Hank Paulson, Goldman Sachs’ chief executive, was named as the new US Treasury secretary, replacing the increasingly pressurised John Snow.


posted by mikevotes at 6:50 PM

4 Comments:

  • Paulson is a good choice as far as Bush's past choices go. He is environmentaly tuned in, and has been critical of Bush fiscal policy.

    By Blogger Yukkione, at 7:23 PM  

  • I know nothing about him. If you look at the complaints against Snow, I think Paulson was brought in to be a cheerleader, not a policymaker.

    Policy will still be made by the same people.

    Mike

    By Blogger mikevotes, at 8:07 PM  

  • I agree with Mike. Just a change of face, not a change of policy.

    By Blogger Reality-Based Educator, at 8:18 PM  

  • But the dollar stays in range nonetheless.

    By Blogger Praguetwin, at 7:58 AM  

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