They were discussion how the morgage indastry needs to start dealing more with the OTC market and how there is a wide range of differant options in that market offers with differant sercrituies and bond packages,
That is because Paulson did not mention BCLOC packages by name, but onyl alluded to certain types of lending instruments, which BCLOC might or might not be a part of, IMO
Tpyical doom and gloom Dimadaggs, with a dose of intentional misinformation just for fun