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Treasury Pulled $700 billion price tag out of Thin Air
Treasury Pulled the Number Out of Thin Air
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."
***Exclusive spycam video of Treasury meeting***
- Mike Rivero
Member Submitted News
The Japanification of America - Low unemployment with low wages..This is Japan's keynesian Nightmare under Abenomics and QEinfinity.alexmark
YOU CALL THIS A RALLY? With valuations already at 1929, 2000, and 2007 levels, bullishness at all-time highs, margin debt at all-time highs, corporate profits falling, the Fed close to raising rates, and the economy already in recessionalexmark
North Carolina"Ag Gag"Bill Could Impact Daycare,Nursing Home Investigations:"Essentially,this would silence all whistle blowers in every type of business in North Carolina,and it really puts millions of living creatures from humans to animals in harmorraz
Why the last of the JFK files could embarrass the CIA Among the 40,000 documents are roughly 3,600 that have never been seen by the public.alexmark
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