President Bush announced the new Secretary of HUD yesterday as Mr. Jackson left office. Former SBA Administrator Steve Preston will be the new “general” with MUCH to be done!
According to Kansas City.com…
If confirmed by the Senate, Preston would replace Housing and Urban Development Secretary Alphonso Jackson, who announced his resignation last month amid a criminal investigation and allegations of political favoritism.
Preston is credited with correcting problems at the Small Business Administration, and he drew praise from Democrats.
He steps in at a time when foreclosures have surged.
He has a background of 25 years in financial and operational leadership. He was executive vice president of the ServiceMaster Co., a senior vice president and treasurer of First Data Corp., and an investment banker at Lehman Bros.
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