How did they come up with 700 billion?

[cr]

What most people don’t realize is that it’s $700,000,000,000 per occurence.

This is from the Bill:

…the President transmits to the Congress a written report detailing the plan of the Secretary to exercise the authority under this paragraph, unless there is enacted, within 15 calendar days of such transmission, a joint resolution described in subsection (c), effective upon the expiration of such 15-day period, such authority shall be limited to $700,000,000,000 outstanding at any one time.

The real question, which is absurd to even have to ask, is how many times?

[afx114]

I’ll tell you exactly how they came up with 700 billion. Here’s a direct quote from the Treasury:

“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.”

[afx114]

I’ll tell you exactly how they came up with 700 billion. Here’s a direct quote from the Treasury:

“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.”

[afx114]

I’ll tell you exactly how they came up with 700 billion. Here’s a direct quote from the Treasury:

“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.”

[afx114]

I’ll tell you exactly how they came up with 700 billion. Here’s a direct quote from the Treasury:

“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.”

[afx114]

I’ll tell you exactly how they came up with 700 billion. Here’s a direct quote from the Treasury:

“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.”

[an]

The $700B is not used to buy homes, but to buy the bad securities that got sliced and diced. According to Warren Buffett, $700B might not be enough. He said: “If we don’t get [this] solved next week, I may go back to delivering papers”. Here’s the whole article. Since he’s an adviser to Obama, if/when he wins, I can see even bigger bailouts in store. How deep will this rabbit whole go?

[an]

The $700B is not used to buy homes, but to buy the bad securities that got sliced and diced. According to Warren Buffett, $700B might not be enough. He said: “If we don’t get [this] solved next week, I may go back to delivering papers”. Here’s the whole article. Since he’s an adviser to Obama, if/when he wins, I can see even bigger bailouts in store. How deep will this rabbit whole go?

[an]

The $700B is not used to buy homes, but to buy the bad securities that got sliced and diced. According to Warren Buffett, $700B might not be enough. He said: “If we don’t get [this] solved next week, I may go back to delivering papers”. Here’s the whole article. Since he’s an adviser to Obama, if/when he wins, I can see even bigger bailouts in store. How deep will this rabbit whole go?

[an]

The $700B is not used to buy homes, but to buy the bad securities that got sliced and diced. According to Warren Buffett, $700B might not be enough. He said: “If we don’t get [this] solved next week, I may go back to delivering papers”. Here’s the whole article. Since he’s an adviser to Obama, if/when he wins, I can see even bigger bailouts in store. How deep will this rabbit whole go?

[an]

The $700B is not used to buy homes, but to buy the bad securities that got sliced and diced. According to Warren Buffett, $700B might not be enough. He said: “If we don’t get [this] solved next week, I may go back to delivering papers”. Here’s the whole article. Since he’s an adviser to Obama, if/when he wins, I can see even bigger bailouts in store. How deep will this rabbit whole go?

[LostCat]

I’ve tried to write my congressman, but the site crashed…. Makes you wonder. American’s finally want to speak up about something important, but they don’t want to hear it.

WTF….

[LostCat]

I’ve tried to write my congressman, but the site crashed…. Makes you wonder. American’s finally want to speak up about something important, but they don’t want to hear it.

WTF….

[LostCat]

I’ve tried to write my congressman, but the site crashed…. Makes you wonder. American’s finally want to speak up about something important, but they don’t want to hear it.

WTF….

[LostCat]

I’ve tried to write my congressman, but the site crashed…. Makes you wonder. American’s finally want to speak up about something important, but they don’t want to hear it.

WTF….

[Author]

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