John Paulson, a supporter of Trump, withdraws from consideration for the position of Treasury Secretary.

• John Paulson, the hedge fund chief, withdrew himself from the list of potential nominees for Treasury secretary under President-elect Donald Trump.
• The head of Paulson & Co. hedge fund, Paulson, is renowned for having shorted the subprime mortgage market in 2007, which preceded the financial crisis.
• If Vice President Kamala Harris won the presidential election, the stock market would crash, as predicted by a Trump donor.

On Tuesday, John Paulson, the head of a hedge fund, withdrew himself from the running for Treasury secretary under President-elect Donald Trump.

At this time, my complex financial obligations prevent me from holding an official position in President Trump's administration, as stated by Paulson.

Despite my decision to leave the Trump administration, I plan to continue working with the President's economic team to implement his policy proposals, Paulson stated in a statement.

The head of Paulson & Co. hedge fund, who is a Trump donor, gained notoriety for shorting the subprime mortgage market in 2007, a year prior to the financial crisis.

In September, Paulson forecasted that the stock market would plummet if Vice President Harris secured the presidency.

The Treasury post was no longer being considered by Paulson, as first reported by the Wall Street Journal.

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