Monday, March 23, 2009
Dow Up 500 Points On Treasury's Toxic Asset Plan
The day ended at 7775.86. The plan is here. Read Treasury Secretary Tim Geithner's WSJ piece "My Plan For Bad Bank Assets."
In short, the plan will take over nearly $1 Trillion in bad mortgage securities. Tim Geithner, and the Obama Administration, have some significant critics on this, including recent Nobel winner Paul Krugman in "Financial Policy Despair," and other voices found at The Opinionator.
To see the graph in larger format, go to dshort.com.