One could almost hear a sigh of relief coming from those cavernous streets in lower Manhattan which comprise the financial center of the universe upon President Bush's nomination of William H. Donaldson as Securities and Exchange Commission chair.
The Wall Street insider and co-founder of Donaldson Lufkin & Jenrette, comes armed with formidable political and financial connections having toiled in the State Department under both the Nixon and Ford administrations and in addition to his spearheading the successful DJL, served as chairman of the New York Stock Exchange.
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