Fear itself

You can't fool the markets:

US stocks fell sharply Tuesday, led by banks, as details of the government's latest bank bailout plan trickled out.
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.

(Via AOSHQ.) The stimulus just passed the Senate -- $800 billion for Democrats to squander.