Bad News For The Bailout - Forbes.com

By Michael Bates on September 29, 2008 12:04 PM | | Comments (0) | TrackBacks (0)

Bad News For The Bailout - Forbes.com

Where did that $700 billion bailout number come from? "'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.'" Via Andrew Malcolm at the LA Times, who comments:

"They made it up to be sufficiently ginormous to frighten everyone into rapid action.

"And it worked."

(Via Michelle Malkin.)

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