Thursday, September 25, 2008

The Big Bust

So Brown, the 'man of the people' is backing the $700 billion payout to Wall St, i.e. Wall Street took the risk and got to keep the losses and the taxpayer (here or in the US) covers the losses. Before anyone thinks this plan is a complex one drawn up my the greatest economic minds, here is how they arrived on the figure;

“It’s not based on any particular data point,” a Treasury spokeswoman told Tuesday. “We just wanted to choose a really large number.”


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