The Wall Street Journal’s Deborah Solomon reports that Treasury Sec. Henry Paulson is diligently preparing to pass the proverbial baton to the next Treasury Sec. Solomon says that Paulson has set up a phone (ooh!) and internet connection (aah!) in the Treasury’s office for an official from either Obama or McCain’s next administration to use starting next Wednesday (that would be a day after the election).

Solomon seems to suggest that Paulson is doing a good and necessary thing. But it’s also a shrewd move: statesmanlike assistance to the next administration can increase the chances of Paulson working for that administration. I mean it’s not exactly a great time for the Goldman Sachs CEO to jump back to the private sector.-MB

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