TinyMCE loses html formatting
===

When I initialise TinyMCE on an element the html formatting is lost, eg. <strong>abc</strong>
is just abc. How can I retain formatting when initialising on a textarea?

	'init_tools' : function(element, width) {

		tinyMCE.init({
			plugins: 'paste',
			theme : "advanced",
			mode : "specific_textareas",
			editor_selector : element,
			width : width,
			theme_advanced_buttons1 : "bold,italic,underline,strikethrough,bullist,numlist,undo,redo,",
			theme_advanced_buttons2 : "",
			theme_advanced_buttons3 : "",
			theme_advanced_toolbar_location : "top",
			theme_advanced_toolbar_align : "left",
			content_css : "stylinyo.css",
			paste_text_sticky : true,
			setup : function(ed) {
					ed.onInit.add(function(ed) {
					//ed.pasteAsPlainText = true;
				});
			}
			
		});
		
	}