Mon, Sep 29, 2008 at 7:49:06 am
You won’t believe where that $700-billion bailout figure came from.
You know where that very important $700-billion figure came from?
Here’s a quote from that Forbes story:
“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.”
They made it up to be sufficiently ginormous to frighten everyone into rapid action.
And it worked.