Why 700 Billion? – Nobody Knows

by Dual Income No Kids on September 24, 2008 · 0 comments

Hi All,

Just heard a great gem on National Public Radio. NPR was reporting on the financial crisis, and was asking why the treasury was asking for the specific figure of 700 billion. The answer from their on the air expert? – “Nobody knows“.

Don’t you love it? I have the strong impression that nobody in congress really knows whats going on with the nations finances, they are just taking Bernake and Paulson’s word.

Best,

James

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