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Fuzzy Bailing

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."

    Wow...
Yes, well put: Wow.

Who drafted this bill? Howie Mandell? The Olsen Twins? Sarah Palin?

Wow. $700 billion. That comes to about $3,000 for each American citizen consumer over the age of 18. Just give me the cash, please. I'll stick it under my mattress. Or, tell ya' what: Make it an even $5,000. That's a prettier number.

— Larry, Attack Monkey, Light Reading

scfm 12/5/2012 | 3:30:58 PM
re: Fuzzy Bailing I guess I should have added the link...

http://www.cnn.com/2008/SHOWBI...
scfm 12/5/2012 | 3:30:58 PM
re: Fuzzy Bailing Check out this interview on CNN.com where Bono was asked what he could do with $700Billion.

Certainly makes you think about what can be changed in this world if there was a will. I think it has been established this week that there is a way.
Larry, Monkey 12/5/2012 | 3:30:57 PM
re: Fuzzy Bailing Never happen. Makes too much sense. And where's the shareholder return?
scfm 12/5/2012 | 3:30:32 PM
re: Fuzzy Bailing >>>Never happen. Makes too much sense. And where's the shareholder return?

Shareholder Return is downstairs in the basement next to the complaints window (which is closed, by the way). Please note that, due to space restrictions, there is a one shareholder per day return limit.

Sadly, I'm very aware that our politicians are motivated, and in most cases only equipped, to do what is popular (or not do what is not popular), rather than what is widely beneficial.
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