Paulson says won't stay at Treasury past January

[DogPoundPup]

Source: Yahoo / Reuters

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said in an interview aired on Sunday he had no interest in staying in his post beyond January when a new administration takes office.

"I look forward to doing other things next year," Paulson said on NBC television's "Meet the Press" program. The interview was taped on Saturday in China.

"I'm going to run right up until the end," he said. "I'm focused on getting everything done I can get done between now and January 19th."

In March, Paulson proposed overhauling the U.S. financial regulatory system and giving more powers to the Federal Reserve in the wake of the financial market upheaval that exposed gaping holes in oversight.

Last month, he took heat from fellow Republicans in Congress who said his plan to backstop mortgage finance giants Fannie Mae and Freddie Mac was akin to socialism because shareholders reaped the profits in good times but the government was on the hook for losses when things went bad.

Read more: http://news.yahoo.com/s/nm/20080810/ts_nm/usa_economy_paulson_dc_1;_ylt=A0wNcwnGCZ9IKxsBPh9qP0AC

[WhiteTara]

1. duh! Barack won't be keeping him!

[davidinalameda]

4. wonder if this a bone to cons

letting them know that he won't be in the McCain administration

not that it matter since there won't be a McCain administration

[WhiteTara]

6. or a signal that he will finish us off

before the end and he will be on a long vacation on some undisclosed island (which I can only hope will sink)

[davidinalameda]

10. Alcatraz can be up and running with work

[WhiteTara]

13. great plan! n/t

[UpInArms]

2. "I'm focused on getting everything done I can get done between now and January 19th."

translation:

I'm looting as fast as I can!

[liberal N proud]

14. Or there will be nothing left to loot after January

[Pale Blue Dot]

3. This is probably yet another bad sign

that things are far worse than anyone is willing to admit.

[Dr.Phool]

18. Besides, if he turns everything over to the fed,

Wall Street will be running the department.

[MaineDem]

5. Why would he be wanted?

Duhhh.

He'll be lucky to stay UNTIL January.

[dave123williams]

7. Oh, that's nice. Was anyone interested in having him stay?

[CrazyDude]

19. Unlikely but not implausible that Obama would ask him to stay, McCain might ask him to stay

But that is also unlikely

[wurzel]

8. My mother used to say "wait till you are asked"!

[ckramer]

9. He knew the financial ship of America is about to sink, didn't he?

Jumping ship?

[MannyGoldstein]

11. I Won't Have Sex With Gisele Bundchen

Nope.

[Tandalayo_Scheisskopf]

16. You lyin' sack of...

Ahem. ;-)

[benddem]

12. who asked him?

we can do better.

[Tandalayo_Scheisskopf]

15. Bob Reich.

'nuff said.

[Dr.Phool]

17. Good pick!

I agree whole heartedly.

[GoddessOfGuinness]

20. Aww. I'm so sorry to hear that.

NOT

[HCE SuiGeneris]

21. Wonder what flavor his parachute will be... Golden, Platinum, Diamond?