Thursday, January 22, 2009

Paulson The Idiot


Hank Paulson did not leave his post without a final shot at China. In this Bloomberg story, "a Chinese central bank official attacked reported comments by U.S. Treasury Secretary Henry Paulson that China’s high savings rate helped trigger the global credit crisis." Paulson's logic is similar to that of a teenager pleading to a judge for clemency because he is an orphan after he killed both of his parents.