I don't have time to watch the video, but based on the quick summary on the right, it doesn't seem like he's understanding what's actually happening. The only actions the federal gov't has actually done directly so far (or concretely proposed, in cases I'm aware of) are cash infusions: let banks (and other institutions) take out more loans so they have cash, which is in many cases the principal lack. It has also brokered voluntary deals between private corporations about how to restructure debt held among those corporations, but that's not paying off anyone's loans for them either.
So unless the video is misrepresented by the text, or the guy in the video is predicting the future, he isn't complaining about anything that has actually happened.
edit: the Paulson plan also calls for purchasing equity in the FMs, apparently, but that's still not paying off their loans.