Paulson can not be respected as not being in an interest of conflict. I can not understand how that was overseen, but now here we go the next open question:

“The irony is, Paulson will not be able to find asset managers to run this that don’t already have distressed assets on their own books; there’s no one else to do it,” says one source who is closely following the talks. This person warns that Paulson has to be careful in how he brings those people in, ensuring there are strong enough firewalls and other safeguards to avoid a further public backlash: “If Main Street was already concerned about writing a big check to Wall Street, imagine how they are going to feel when they hear the government is now hiring the guys who created the problem in the first place, and, by the way, their firms will benefit?”

Paulson can not be trusted and no one of the other asset managers. Do they grow on trees? Hardly….

So whom to trust?