As if news of the bailout failing is not dismal enough, I have come to find out that the bailout's proposed by out figure of $700 billion dollars was not based on any specific data point. In fact a treasury spokesman said:
"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."
Isnt that reassuring? If they are going to pass a serious bill, they better come up with a serious answer... Read More
Ok, this isnt gaming news but is very important to all our users.
The bailout proposed by the bush administration has recently been rejected by the house of representatives.
Investors who had been counting on the rescue plan's passage sent the Dow Jones industrial average down as much as 700 points while watching the measure come up short. The stock gauge closed 777 points lower - nearly 7%.
The measure, which is designed to get battered U.S. credit markets working norma... Read More
