- White House Deputy Press Secretary Tony Fratto has admitted, in fact insisted, that Bush Administration officials have been working on the hurry-up $700 million ‘bailout’ for months.
- Jeffrey Rosenberg, Bank of America’s head of credit strategy research, indicates much of the ‘bailout’ favors shadow bankers Morgan Stanley and Goldman Sachs, Paulson’s previous employer.
- Federal education budget is about 72 billion.
“We love this country too much to let the next four years look like the last eight.” – Barack Obama