I caught a bit of Paulson's Congressional testimony this morning.  He made it very clear that he thinks RTC II should be transparent and subject to oversight.  That's good. 

I have not heard anything about barring legal challenges through the courts, though I have not heard his entire testimony.  If there is no checks and balances to the expenditure of $700 billion somewhere in the government, that is very bad.

If he has spoken on the subject, could someone please let me know in the comments section.