In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.
"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
Are you &*#%@%^ kidding me?!?!
Source.
When I read that last week I nearly spit up my coffee on my keyboard.
ReplyDelete[...] we were told that if the Federal Government didn’t spend $700 billion (a figure pulled out of thin air) to buy “toxic assets” from failing banks, that the world would end. Then, this week, [...]
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