Bailout Plan Announced Tomorrow

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Keynes's picture
User offline. Last seen 7 years 46 weeks ago. Offline
Joined: 02/27/2009

So the plan to buy up toxic assets comes out tomorrow.  The WSJ is making it sound vague again, which scares me.  An entity backed by the FDIC (apparently) is going to buy and hold toxic assets with a public-private partnership.  They're also of course trying to cool everyone down who suddenly, and unsurprisingly is having second thoughts about dealing with a government who is run by a mob with pitchforks.  Will be interesting to see what effect the announcement has tomorrow.  Given the run-ups the economy has had, I wonder whether buying some puts might be a wise idea.