Former Treasury Secretary Henry Pauslon requested $700 billion from Congress. He told Congress that he intended to use the money to buy mortgage-backed securities. Five days after he recieved the $700 billion, he used it to pay billions to Goldman Sachs via AIG.
Observers long speculated that Paulson lied to Congress about his intended use of the $700 billion. Speculate no more. We have proof.
During the bail outs, Paulson gave extensive interviews to Vanity Fair reporter Todd Purdum. In this video interview, Paulson's perjury is revealed:
