Afshin Rattansi talks to Danny Schechter about Paulson

November 12, 2008
U.S. Treasury Secretary Henry Paulson said he was backing away from buying troubled mortgage assets using a $700 billion bailout fund, instead favouring a second round of capital injections into financial institutions that would match private funds.

"This is bringing uncertainty into the market, creating a sense that the Treasury doesn't know what it's doing," said Philippe Gijsels, strategist at Fortis in Brussels.