. June 6, 2006 SouthAmerica: Mr. Henry Paulson, chairman and chief executive of Goldman Sachs earned nearly $40 million last year and Mr. Paulson is Goldman's largest shareholder with about 4.6m shares, worth about $692 million. President Bush nominated Henry M. Paulson, to become his next Treasury Secretary â He will replace John W. Snow (The Buffoon). What I donât understand is why someone with the professional background of Henry Paulson want to become US Treasury Secretary at this point? With a lot of economic bad news in the pipeline and the possibility of a major international monetary crisis sparked by a US dollar meltdown in world markets. With the Iraq civil war getting completely out of control, with the Taliban and Al-Qaeda taking over places such as Afghanistan and Somalia. With a real estate bubble being deflated at home, with companies such as IBM outsourcing millions of good American jobs at the speed of light. I am sure that during his watch we will have a major blow out of a major hedge fund. I just canât think of something positive in the American economy that will make him look good as Treasury Secretary. Robert Rubin did not become Treasury Secretary of a mine field â with all kinds of deficits growing by leaps and bounds, and at the same time having to finance various wars such as Iraq and Afghanistan. Robert Rubin was US Treasury Secretary during a period of US government debt reduction and common sense was being used in making decisions about the financial affairs of the United States. Henry Paulson will be Treasury Secretary of a reckless administration that thinks that deficits does not matter â and they want to wage many wars on foreign credit and at the same time they want to give the biggest tax breaks to the top 1 percent of the population. Based on the current US economic circumstances John W. Snow was a perfect match for the job since only a Buffoon could play along with the disastrous economic policies of the Bush administration. I have no idea why Mr. Paulson would accept to be US treasury secretary at this time â Maybe he is a masochist. .