9:50 AM --
Our beloved lame-duck president is demanding immediate action to stave off the looming depression. It's a "big problem" and needs a "big solution," as he so eloquently puts it. He's certainly never steered us wrong before, but some nitpickers in the financial community (and even in Congress!) are quibbling over the details.
Forbes.com, for one:
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."
Who drafted this bill? Howie Mandell? The Olsen Twins? Sarah Palin?
Wow. $700 billion. That comes to about $3,000 for each American
— Larry, Attack Monkey, Light Reading