Judge it!
First all, Paulson has to do SOMETHING with the $700 B he asked for. He hasn't done anything yet. Why? He practically blackmailed the country to get this to him as fast as possible. But he's done nothing since then.
This last series of market failures is his fault -- for doing nothing.
Federal Reserve Bank
US has dwindling number of tools in econ crisis
What's left in Uncle Sam's economic tool kit? The commitment of $700 billion didn't impress markets here and around the world.
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