Friday, April 18

Clean Up on Aisle HUD: Bush to Tap "Disaster Expert" Steve Preston












Dick Cheney Swears At, er In Steven Preston

After the disaster that Alphonse Jackson turned out to be as the head of HUD through crony deals, is it any wonder that an expert on disasters is being named by President Bush to take over the department?

In his last gig, Steven C. Preston, a Wisconsin native who had no small business administration experience, was unanimously confirmed by the U.S. Senate to become the 22nd Administrator of the U.S. Small Business Administration. The SBA was called to task for rulings that favored Blackwater USA under Preston, as well as for making loans to small businesses such as Microsoft, General Dynamics and others.

Preston has served in senior finance and operational roles at The ServiceMaster Company (see his compensation)and First Data Corporation, and worked as an investment banker at Lehman Brothers.

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