Goldman Alumni Now Call the Shots In Washington

washingtonpost.com — When newly appointed White House chief of staff Joshua B. Bolten tried to shake up the Bush administration in the spring of 2006, he spent weeks wooing Goldman Sachs chief executive Henry M. Paulson Jr. to be Treasury secretary. Bolten had personal reasons for thinking Paulson might be a good pick -- Bolten himself had worked for the influential investment bank in Europe in the 1990s -- and Paulson eventually gave in to his persistent lobbying.

"I had always trusted him," Paulson once said of Bolten in an interview. "I felt a bond and a sense of trust."