The Bailout: no one really knows what they are doing

I blogged about how no one really know much more than you do about the financial meltdown and what to do. As evidence of this, in the article, Bad News For The Bailout – Forbes.com there is this snippet:

‘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.”‘

We just wanted to choose a really large number.