Treasury Secretary Henry Paulson pledged Friday to "move rapidly" on a 700-billion-dollar financial rescue plan passed by Congress giving him authority to buy up assets distressed by the housing collapse. (AP)
Paulson cannot be trusted to spend this $700 billion dollars, especially since he plans to do so in a rapid manner. Paulson is the same guy who a few years ago was involved in dealing extensively in toxic mortgages when he was a Goldman Sachs, and has a long history of wrongly calling the bottom for the housing market.
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