Tim Berry

During my education to become a pharmacist I had several statistic classes. The professors drove home with us the need of a pharmacist (or anybody) to be able to determine the validity of medication studies by focusing on how the study/survey was actually done ….the process is as important as the conclusion. It’s the whole thought of Mark Twain of “Lies, damn lies, and statistics”.

It is critically important to know the methodology behind a survey before one gives validity to it’s conclusion.

What is the Plan?

The Wall Street Journal reported thursday that the Bush administration is weighing a roughly $40 billion proposal to forestall foreclosures, one of a series of ideas being considered

The suggestion is for the government to give banks a financial incentive to turn troubled loans into more affordable mortgages. Under the proposal, the government would share in any potential future losses the banks might incur.

The treasury department is also moving ahead with separate plans to use part of it’s $700 billion rescue fund to directly buy and re-negotiate mortgages.

Stay tuned….as they say …film clip at 11