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.