BANZAI7 NEWs--Henry Paulson says he was scared in the late summer of 2008. And who can blame him. Lehman Brothers was about to collapse, AIG was crumbling and the world markets were jumpy.
So the former Treasury Secretary says he turned to God for help, Paulson writes in his soon to be released book “I Need a Drink.”
In September 2008, as the financial world was falling apart, Paulson writes that he admitted to his wife that he was moritifed. She encouraged him to pray and together they recited the Bible’s Second Book of Timothy, Verse 1:7 – “For God hath not given us the spirit of fear, but of power, and of love, and your out of your freeking mind.”
After that Paulson said he felt he could free the vipers and began making calls to government officials that Dick Fuld of Lehman was a dead man walking.
If Wall Street is motivated by fear and greed, Paulson projects just the opposite image of himself throughout the book. God's work is a theme familiar to all Goldman Sachs alumnis.
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