Oh boy, did the stock market have a good day, you bet it did when it got news that the banks are getting a loan to the tune of $200 billion dollars. What is wrong with this picture? I'm telling you after working in the Federal system the monies collected from all the tax payers and business (those that pay that is) there is not enough accountability on where are money goes or is spent. Terrible the money wasted in Government spending and JRE said the same thing, only maybe in different terminologies.

Stocks Surge After Fed Lends $200 Billion to Banks

Wall Street enjoyed its best trading day in more than five
years on Tuesday -- complete with a 400-point gain in the Dow
Jones industrial average -- after the Federal Reserve
injected a burst of financial adrenaline into the ailing
banking system.


Read More:
http://www.nytimes.com/?emc=na

The Feds need another Paul Volcker, I'm afraid. This is getting ugly. Good news is that my mutual funds which tanked for the past two months get a breather, but as Jackie points out, more debt, and sorry, whoever is in the WH, will have to raise revenues another way because many will lose jobs and we have to help our country grow back our middle class with some hand ups.