Washington - President Obama has announced that he has appointed financier Bernie Madoff to lead implementation of the recently approved 787 billion dollar stimulus package.
"I believe that this is the best choice for working Americans and the country."
"I have met with Mr. Madoff personally and he has my full confidence and trust."
"This is a large investment in the future for all of us and our country. We cannot falter in our resolve to move forward without hesitation or the present economic situation may worsen."
"We need a man who is up to the task of this great undertaking."
"Mr. Madoff familiar with worldwide economics and is well experienced with managing large sums of money."
"I have negotiated favorable terms with Mr. Madoff for his services; he has agreed to reduce his retainer to only ten million dollars cash in advance and has offered to make investments on behalf of both me and Michelle using the White House as collateral."