Saturday, October 25, 2008

Treasury not sure how to spend $7oo Billion

Sheila Bair, who heads the Federal Deposit Insurance Corp., responded that her agency is working "closely and creatively" with Treasury officials to "realize the potential benefits of this authority."

http://biz.yahoo.com/ap/081025/meltdown_evolving_bailout.html
Or maybe the know and just did not tell congress. Either way I find bair comments to be deja vue like, creativley using money. Is that like the Iraq war only costing $200 Billion?

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