Considering that former Secretary of the Treasury Henry Paulson was the former head of Goldman Sachs along with Goldman Sach's role in the bailout and our current economic situation, why is any Goldman Sachs member being promoted to positions within the government?
Mr. Hormats, if confirmed by the Senate, will buttress Secretary of State Hillary Clinton's campaign to use economic, trade and environmental issues to redefine Washington's relationship with nations such as China, India and Russia, said administration officials.
Mr. Hormats also will play a central role in managing Washington's "strategic and economic dialogue" with Beijing, a diplomatic exchange overseen by Mrs. Clinton and Treasury Secretary Timothy Geithner...
He [Hormats] served during the 1970s as an economic adviser in the White House to former national security adviser Zbigniew Brzezinski. Mr. Hormats helped to manage the Nixon administration's opening of diplomatic relations with China's communist government.