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Bush Taps Goldman Sachs for Treasury Secretary

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The word is out. The nation’s premier investment banking house, Goldman Sachs, is about to make another major contribution to American government – this time in the person of CEO Henry Paulson, nominated today by President Bush to be the next Treasury Secretary.

The firm that gave us Senator (now Governor) Jon Corzine (D-NJ) and Bill Clinton's Treasury Secretary, Robert Rubin -- and whose executives have given nearly $23 million in campaign contributions since the 1990 election cycle -- shows itself once again to be the ultimate political insider, spreading enough Wall Street money to both parties to be an enduring political powerhouse no matter who’s in office.

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