Looking into the mechanics of the credit crisis, I came across this gem:
- Bad news for the bailout (Forbes)
(Hat tip: Below the Beltway)
[S]ome 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.”
You have got to be fucking kidding me. Some of the biggest federal economic fucking-around since the New Deal is based on an arbitrarily chosen figure. No-one’s sure if it’s enough money to do what Dubya wants, or if it’s overkill — it’s just “really large”.

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