Here he is talking about what Paulson first advocated, buying mortgage backed securities.
No way it will be purchased for real value, it will be inflated against us.
I just read a short article an hour or two ago, that stated they have only spent $299 of the $700 billion allotted. And they had to have the funds immediately, or the credit markets would die.
They didn’t spend half of it. And they also spent some of for purposes they didn’t say they would initially. So less than $299 billion went to the credit market they had to have $700 billion for.