Wednesday, January 07, 2009

Treasury's Paulson Gets It Wrong (Surprise!)

In a recent interview with the Financial Times, U.S. Treasury Secretary Hank Paulson blamed the credit crisis on global imbalances. Specifically, he repeated a storyline popularized by Alan Greenspan and Ben Bernanke: that a global savings glut (otherwise known as an imbalance) pushed interest rates down around the world...

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7-14-2026

ICE agents after shooting WEARING BODY CAMS. Your government is lying to you ICE’s Internal Watchdog Is Now Investigating Online Critics Did...