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.

RE: Paulson: Government won't buy troubled bank assets - Yahoo! News