...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 a particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
Well I feel a whole hell of a lot better.
4 comments:
The thing that scares me is that they are talking about giving Paulson total freedom to do what he wants with no regulation and no legal action can go against him.
Got to love that they think that it is a great idea that taxpayers that weren't dumb now have to bail out companies that were dumb and greedy
By the way my comment was more Empirical and less Sniff Test. Because for several reasons this bailout plan does not pass the Sniff Test at all, including ones that Jill brings up.
I've seriously got to look at my math on that first comment. Stay tuned...
Post a Comment