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."
Thursday, September 25, 2008
Treasury: $700 mil just a "really large number"
Posted by Ben Cunningham at 10:04 AM