The Mudcat Café TM
Thread #102499   Message #2446768
Posted By: heric
21-Sep-08 - 05:14 PM
Thread Name: BS: Crash of U.S. Economy
Subject: RE: BS: Crash of U.S. Economy
"Mr. Paulson on ABC's 'This Week with George Stephanopoulos' said it would be extraordinary if costs did not fall below the expenses associated with purchasing the assets."

Am I reading this right? Did he say that he expects the added costs of the new agency and the outsourcing will in all likelihood be less than the $700 billion worth of purchases?

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"[L]ater on CBS's 'Face The Nation,' Paulson said there is no guarantee Treasury won't be forced to ask for more than the $700 billion it is currently seeking.'"

Why didn't he just ask for a quajillion in the first place?