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You are here News Economy You won't believe where that $700-billion bailout figure came from

You won't believe where that $700-billion bailout figure came from

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You know where that very important $700-billion figure came from?

Here's a quote from that Forbes story:

"It's not based on any particular data point," a Treasury spokeswoman told Tuesday. "We just wanted to choose a really large number."

They made it up to be sufficiently ginormous to frighten everyone into rapid action.

And it worked.


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