US stocks fell sharply Tuesday, led by banks, as details of the government's latest bank bailout plan trickled out.(Via AOSHQ.) The stimulus just passed the Senate -- $800 billion for Democrats to squander.
The Dow Jones Industrial Average was down about 70 points, then lost another 100 in a matter of minutes -- before even any official government announcement.
Treasury Secretary Tim Geither will reveal the proposals to help banks at 11 am New York time, after a one-day delay. CNBC will interview Geithner after his speech, at noon. Then he's on to Capitol Hill, where he will testify before a House panel.
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