One lil' question

Just as a Gedankenexperiment, let's take the Paulson plan as passed.

So the government spends $700-$1 trillion buying assets or whatever, in the name of this bailout.

What then? What gets done with what they are now owners of? Are they planning to re-sell crap that nobody was buying anyway?

Am I missing something?

1) Bail out Wall Street

2) ???

3) Profit!