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 [on] Tuesday. 'We just wanted to
choose a really large number'.
Dr Evil couldn't have put it any better.
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4 comments:
As someone who works for a bank, this is the logic behind most decisions in the financial world
As someone who works for a bank, would you suggest that putting one's money under the mattress is increasingly looking like a good idea?
About a year ago, when markets were good, my husband suggested I put all my savings into equities. Out of sheer laziness, and because I work for a bank and hate bothering with my own finances, I left it sitting in my savings account. He piled into equities.
I thought there was a limit to the enjoyment one could get from gloating, but I've not found it yet.
I am in the fortunate position of not having any savings to think about putting anywhere! In fact, the twins have more money than me, although I put their savings into the Bank of Scotland...eek!
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