Friday, August 1, 2008

Treasury's New Goldman Sachs Man Will Be Subject to Less Stringent Ethics Rules

Ken Wilson, the Goldman Sachs banker who is joining the US Treasury to help Henry Paulson through the financial crisis, is expected to take a temporary post that will subject him to less stringent ethics rules than many other high-level officials, according to FT.

Wilson is likely to be treated as a “special government employee”, making it unlikely he will have to sell assets or produce the detailed disclosure reports required of officials appointed by the president and confirmed by the Senate.

What is this guy, some kind of super secret spy? According to FT, the Treasury has declined to comment on Wilson’s appointment or the scope and length of his assignment.

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