Hank Paulson is US treasury secretary, head of United States department of the Treasury. These are the guys who deal with finance and monetary.
Hank Paulson is mega close to George Bush, like almost in bed with him.
He used to run Goldman Sachs, the investment bank that has made billions from deals with Chinese companies.
It works like this:
Low cost imports from China kept inflation rates in the US at an unnaturally low level.
Because of this central banks maintained lower interest rates. Remember the rise in house prices for example would not make that sensible.
The Chinese maintained the yaun low against the dollar, allowing continued cheap imports.
Amongst the biggest buyers of bonds in Freddie Mac and Fannie Mae is the Chinese government, using the Peoples Bank of China.
Anyway you get the picture, I could go on and on.
Hank Paulson has failed to find a buyer for Lehman Brothers. He refused to allow a government buyout of the company.
This idiot played with the Chinese to make fortunes, it's a disaster for the Republicans. How can we justify his actions? The man is a criminal.