Paulson financial rescue plan

With the economy of the U.S in jeopardy, Henry Paulson's financial rescue plan represents a bold move to get the financial markets back on track. But what are the details and do the experts think it will work? The Secretary of the Treasury Paulson and President Bush announced a proposal for the federal government to buy up to US$ 700 billion of illiquid mortgage backed securities with the intent to increase the liquidity of the secondary mortgage markets and reduce potential losses encountered by financial institutions owning the securities.