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.
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Tags: Bail Out World Finance
