You know the $700 billion price tag of the proposed bailout? Treasury pulled that number out of thin air.
As Forbes writes:
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.”
George Washington's Blog
WTF?
No comments:
Post a Comment
Thanks for your comment it is much appreciated.