And why shouldn’t we trust them when they say they need $700 Billion? Maybethis:
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.“
And well this about covers the other reasons:
Sep 24, 2008