implode-explode.com - Implosion News Pick-ups: Paulson Playing Chicken With Markets

“Hank Paulson’s gamble is that if the Treasury commits to investing in Fannie and Freddie [if required] it will never have to put money in,” said Alex Pollock, a fellow at the American Enterprise Institute... In other words, this was all meant to be a bluff. But the markets have called the bluff in very short order.