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It's good to see Dems challenging this loss-leader administration.... Particularly, I like what the treasury spokeswoman told Forbes:
Bad News For The Bailout - Forbes.com
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."
Bad News For The Bailout - Forbes.com
He also points to one other concern: Paulson, the bill's chief architect, is scheduled to leave office in just four months.
"I'm not about to give a $700 billion appropriation to a secretary I don't know yet," says Dodd.
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