So, why $700 billion to bail out Wall St.? I mean, Henry Paulson must know what he’s doing, right? He ran Goldman-Sachs – and they’re doing just fine, aren’t they?
But, anyhoo, why not ask for $100 billion and go back to Congress if more is needed?
Fortunately, there is a good and thoughtful reason behind the $700 billion request:
“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.”