The quote of the day, 700 billion dollar bailout edition.
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.”
Thank you for being so forthright who ever you are. Now my opinion on the bailout is cemented 100%. No way.
Hat tip- Doug at Below the Beltway