Ranking panel Republican Spencer Bachus said Paulson deserves credit for recognizing the need to shift strategy.

金融服务委员会首席共和党议员巴克斯说，保尔森意识到需要改变战略，这是值得称赞的。

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"We just bought eight hotels in bankruptcy, and one of them is La Quinta in Palm Springs," Mr. Paulson said.

我们只是收购了八家破产的旅馆，其中一间是棕泉市的拉昆塔“保尔森继续说。”

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But the true depth and extent of the losses did not become clear until earlier this year, Mr. Paulson said.

但是，损失的实际深度和广度直到今年早些时候才变得清晰起来，保尔森说。

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"Our purpose is to increase confidence in our banks and increase the confidence of our banks, so they will deploy, not hoard, their capital, " said Paulson.

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Because the government-sponsored enterprises (GSEs) are congressionally chartered, "only Congress can address the inherent conflict of attempting to serve both shareholders and a public mission, " said Paulson in announcing the plan.

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Mr. Tourre's comment was consistent with testimony provided to the SEC by a former Paulson executive who said he had told ACA of Paulson's intention, according to people familiar with the matter.

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