Tuesday, August 27, 2013

Unbelievable

On the anniversary of the 2008 financial crisis, former Treasury Secretary Hank Paulson gets all retrospective and offers this nugget about whose fault the near financial meltdown was. Hint: not Wall Street, Countrywide, WaMu or any other private sector company or person.

No, the financial crisis was the... government's fault?!

From the NYTimes' story:

"I believe that the root cause of every financial crisis, the root cause, is flawed government policies," he said.