Treasury: "We just wanted to choose a really large number.”
Submitted by vastleft on Thu, 09/25/2008 - 11:41am
Too bad Paulson wasn't using Heinz ketchup when he made up the number. We could have saved $643 billion.
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."