John Paulson visits “My Morning with Maria” at Fox Business Network Studios on October 23, 2024 in New York City.
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Hedge fund chief John Paulson dropped consideration as potential nominee on Tuesday Ministry of Finance Secretary to President-elect Donald Trump.
“My complex financial obligations will prevent me from taking an official role in President Trump’s administration at this time,” Paulson said.
“However, I intend to remain an active member of the President’s economic team and help implement President Trump’s outstanding policy proposals,” Paulson said in a statement.
Trump’s donor is the head of the Paulson & Co. hedge fund, who is famous for betting against the subprime mortgage market in 2007, a year before the financial crisis.
Paulson predicted in September that the stock market would collapse if Vice President Kamala Harris won the presidential election.
wall street journal First to report Paulson has withdrawn from consideration for the Treasury job.
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