With such bright minds in the leading positions of the government, I cannot understand how people can be lured with the dream of regulated markets.
By the way, here is a quotation from a real bright mind about this issue.
There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.
PS: Have a look at this hilarious mock e-mail that explains Paulson plan as one of those mails you receive from the governor of third world central bank. According to Paul Krugman, this is not all that wrong actually.