The Financial Wizardy of the Treasury Department

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Halfway through a Forbes article about how doomed the Paulson bailout plan is, Think Progress found this little gem from Treasury:

…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.”

Awesome, guys. Way to inspire confidence.

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