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.
Five Frozen Thoughts Under the Fedora Old in the Snow, Seriously Margaret
et/al? Cutting the Financial Cord, Enlightened self interest US Canada
Edition, Musk and Temptation
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Yesterday’s snow and ice reminded me of my age as I came in huffing and
puffing after two stints outside to clean what I can. The snow, combined
with freez...
1 hour ago
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