Thread: $700 B Bailout
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Old 09-25-2008, 02:17 PM   #9
saden1
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Join Date: Feb 2004
Location: Seattle
Age: 46
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Re: $700 B Bailout

This whole thing is so stupid it's unbelievable.

Quote:
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."
The level of audacity breathtaking.
Quote:
Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
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