Veteran investor John Paulson is dropping out of the running to become President-elect Donald Trump’s Treasury secretary, he said in a statement to The Wall Street Journal.“Although various media outlets have mentioned me as a candidate for Secretary of the Treasury,

The investor John Paulson removed himself from consideration as a potential nominee for Treasury secretary by President-elect Donald Trump. Paulson is the head of Paulson & Co. family office, and is famous for shorting the subprime mortgage market in 2007 ahead of the financial crisis.

Billionaire financier John Paulson has declined a likely appointment as U.S Treasury Secretary by President-elect Donald Trump, he announced.