PAULSON Said Thurs That The Program's Emphasis changed

AP press:
Paulson said Thursday that the program's emphasis was changed after the legislation passed when market developments showed how critical it was to quickly shore up bank balance sheets with fresh capital. He said government was still moving ahead with the program to buy bad assets and the administration has allocated $100 billion for that portion of the program.

In a separate interview on Bloomberg television, Paulson refused to rule out the possibility that some of the $700 billion program could be used to shore up giant hedge funds, largely unregulated pools of investments, or insurance companies. But he said that he was focused now on dealing with the problems at banks.

*note
(shore up giant hedge funds- this is outrageous this is nothing but the playground of the rich playing with 100 million dollars a year- pure and simple - unregulated no one has any idea what goes on here or how much"money" is in play in this casino

And on a side note .. please don't believe that there is anything that You or our fellow Americans have done to cause this .. this is all done by our own Goverment and brought to you by our Corporate Leaders. We lost capitalism a long time ago - this is Corporatism.

http://biz.yahoo.com/ap/081016/meltdown_paulson.html

Ron Paul Is My President!