Hank Paulson and the power of prayer

Hank Paulson, former US Treasury Secretary, reveals how he turns to prayer in his - and the world's - time of need.

We post this interesting tidbit from the memoirs of Hank Paulson, who was US Treasury Secretary during the credit crisis, with no further comment. Hat tip to Jonathan Allum at KBC for pointing it out.

"I left the New York Fed before 9pm, optimistic about the prospects for a deal. The industry was doing its part to come up with funding, and I had reason to believe we would find a solution to Barclays' need for a shareholder vote.

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Merryn Somerset Webb
Former editor in chief, MoneyWeek