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Bush Announces Paulson to Succeed Snow at Treasury; Secretary's Consistent Support of Tax-Exemption `Unprecedented'

WASHINGTON - President George W. Bush announced that he would like Henry Paulson, chairman of Goldman Sachs, to succeed Treasury Secretary John Snow who recently announced his departure once a replacement was found.

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WASHINGTON – President George W. Bush announced that he would like Henry Paulson, chairman of Goldman Sachs, to succeed Treasury Secretary John Snow who recently announced his departure once a replacement was found.

“The past eight years, Hank has served as Chairman and Chief Executive Officer of the Goldman Sachs Group,” President Bush said. “It’s one of the most respected firms on Wall Street. He has a lifetime of business experience; he has an intimate knowledge of financial markets and an ability to explain economic issues in clear terms.

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