Money quote from the Treasury in Forbes: "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."
http://www.forbes.com/home/2008/09/23/bailout-paulson-congress-biz-beltway-cx_jz_bw_0923bailout.html This is a scary situation and I was marginally in favor of a bailout when it was first announced. Things have been headed south a long time and I knew that something would have to be done. Since the announcement though I've seen nothing that shows me that the proposed bailout will work and everything seems to be predicated on a model of "give us lots of money and authority and we'll fix everything". Given the admin's track record in disasters (political, military, natural and otherwise) I just can't see it being wise to give them what they ask for. But what would really work? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:270862 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
