John Paulson Bows Out of Running for Treasury Secretary

From the reports I had read to this point, John Paulson was the clear favorite to be appointed as Secretary of the Treasury.

That narrative, however, just took a major hit with Paulson announcing that he was not interested in the position.

Paulson is a major Trump donor and head of the Paulson & Co. hedge fund.

Not Interested

In announcing that he was not interested in the position, Paulson stated, “Although various media outlets have mentioned me as a candidate for Secretary of the Treasury, my complex financial obligations would prevent me from holding an official position in President Trump’s administration at this time.

“However, I intend to remain actively involved with the president’s economic team and helping in the implementation of President Trump’s outstanding policy proposals.”

With Paulson out of the race, attention will start to turn to Scott Bessent, another Wall Street figure.

Bessent founded Key Square Group, another investment firm on the Street.

He founded the group in 2015 with co-founder Michael Germino.

The investment group bases its investment decisions on economics and geopolitics.

Now, this is where my antenna starts to go up about Bessent. When Key Square was founded, it received a $2 billion investment from George Soros.

The Soros capital has since been returned, as was part of the firm's plan as more assets were taken in, but I still don’t trust anyone associated with George Soros.

If Trump names Bessent, you better believe the media will be all over this angle.

Quite frankly, I would like to hear the reasoning myself as to how someone who has direct ties to Soros can even be considered for a position in this administration.

Trump's first term was littered with recommendations that came from establishment Republicans, and it backfired.

He has vowed not to make the same mistake again, but I hope his new chief of staff points out this Soros connection before Trump names Bessent as his pick.