Thursday, September 25, 2008

Seven hundred thousand million and counting -find the lady 

So how did the US Treasury come up with the figure of $700,000,000,000 as being the sum needed to buy up bad debts? Well according to the business journal Forbes a Treasury spokesperson admitted on Tuesday that:

"It's not based on any particular data point. We just wanted to chose a really large number".

Oh of course, get a mumble wad of cash and impose a really stringent audit check on it like this delimination of the powers of the Treasury Secretary under the plan:

"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."

That really will make sure the financial three card tricksters and leveraged pyramid sellers are put in their place through scrutiny of the outlay of taxpayers money in the bailout.

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