Dominique Strauss-Kahn, Tim Geithner and the IMF in "Hank (The Hammer) Paulson Created The Financial Crisis That Brought Down The World"

In a speech to a closed gathering at the Lowy Institute in Sydney on Thursday, Paul Keating gave a starkly different account of Geithner's record in handling the Asian crisis:

Paulson - The hammer behind the scenes

"Tim Geithner was the Treasury line officer who wrote the IMF [International Monetary Fund] program for Indonesia in 1997-98, which was to apply current account solutions to a capital account crisis."

In other words, Geithner fundamentally misdiagnosed the problem. And his misdiagnosis led to a dreadfully wrong prescription.

MORE HERE:

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AND PAULSON'S PANEL BEATING HERE:

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