CJR: What Can You Buy For $700 Billion?

Columbia Journalism Review | Sep. 28, 2008 (Opinion)

For a better perspective on just how massive this bailout really is, check out Zephyr Teachout's post yesterday on techPresident: Full Story »

Posted by Yul Baritugo

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 by Yul Baritugo - Sep. 28, 2008

It raises an issue: One of the provision is that the Secretary can buy out assets amounting to P700 B at any one time...does it mean if the assets is revalued back to zero, the government raises another P700 B again to be able to buy assets?

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