Stocks Surge on Bank Plan for Toxic Assets

[The_vagabond7]

TheRealMafoo said:

akuma587 said:
So you won't wait to criticize Obama when he has been in office two months but you will wait to praise him when something his administration does has a visibly positive impact? That's definitely not a double standard.

Sorry, not interested in praising the act of printing and giving up to a trillion away to buy assets that will default. It's great that the act of pissing away money makes people want to buy stocks. The long run damage however is far more then a 7% temporary increase.

The positive is no money has yet been spent (as no private investor sees this as a good thing), so the bump was free.

The down side is if the DOW was a refection of reality, then it will drop again, as no banks have really been helped.

So, even if everything worked the way it was supposed to and saved the world from a far worse long term economic crisis, I have the feeling you'd still be angry.