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Paulson: Government won't buy troubled bank assets - Yahoo! News
by flynn23 at 1:19 pm EST, Nov 12, 2008

The administration decided that using billions of dollars to buy troubled assets of financial institutions at the current time was "not the most effective way" to use the $700 billion bailout package, he said.
The announcement marked a major shift for the administration which had talked only about purchasing troubled assets as it lobbied Congress to pass the massive bailout bill.

Bait n switch?

RE: Paulson: Government won't buy troubled bank assets - Yahoo! News
by Decius at 5:56 pm EST, Nov 12, 2008

flynn23 wrote:
The administration decided that using billions of dollars to buy troubled assets of financial institutions at the current time was "not the most effective way" to use the $700 billion bailout package, he said.
The announcement marked a major shift for the administration which had talked only about purchasing troubled assets as it lobbied Congress to pass the massive bailout bill.
Bait n switch?

Nah. I think there is genuine controversy about what they should be buying.