Tuesday, September 23, 2008


Why The Bail Out Is Dubious

By Isaac Bickerstaff

Frankly, I could expound upon the holes of what Treasury has proposed, but it really is summed up from Treasury's spokesperson cited below. When asked how Treasury arrived at the $700 billion number:

"It's not based upon any data point," a Treasury Spokeswoman told Forbes.com Tuesday. " We just wanted to choose a really large number."

Ah, life on the Potomac at its best. At least Social Security accounts weren't privatized to invest in these troubling markets.

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