Thursday, September 25, 2008

Public Policy In Action...Poor Nora.

About the Bush Administration's bailout plan, from Forbes.com:

"In fact, some of the most basic details, including the $700 billion figure [the] Treasury would use to buy up bad debt, are fuzzy.

"'It's not based on any particular data point,' a Treasury spokeswoman told Forbes.  'We just wanted to choose a really large number.'"   

2 comments:

emilychristine said...

nice. I love learning how complex the financial world is.

a gimbel said...

she said fuzzy.

ryan