It's Paulson to the rescue again, averting the Freddie and Fannie crisis Not for nothing is Henry "Hank" Paulson, the US Treasury Secretary, known as Hank the Hammer. He earned the nickname in his footballing days at Dartmouth College, where his toughness on the field was legendary. At 62 he retains much of his earlier stamina; being teetotal and running every day has helped him keep hitting hard. Now Paulson is being called Super Hank, thanks to his Herculean efforts in rescuing the US from financial meltdown. Over the past six months he has stepped out of the shadows of the Treasury's grand building on Pennsylvania Avenue to become the only heavyweight figure capable of putting together some sort of lifeboat for the US economy in the dying days of the Bush administration. This week he faces the toughest test of his two...
[read full story]