Treasurys 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...

From:
http://www.forbes.com/2009/01/05/savings-imbalance-glut-oped-cx_bw_rs_0106wesburystein.html?feed=rss_popstories