The S&P 500 rose 6.6% yesterday in reaction to the details of Treasury's plan, called the Public-Private Investment Program (PPIP), to help banks rid their balance sheets of problem assets.
Not a big surprise we are seeing modest profit-taking this morning. Big European banks are down mid single-digits.
Cramer applauds Obama for taking much-needed action – actions the Mad Money host has been cheerleading for some time.
These companies will tell us whether or not Monday’s rally was real.
The Federal Reserve should play a "central role" in preventing future financial crises like the one now gripping the country.
Stocks pop on news that investors can get a sweet deal with the public/private partnership, and Goldman Sachs pops when the WSJ says it might pay back all or part of the TARP money by selling part of its $7.5 billion stake in Chinese bank ICBC!
CNBC's Erin Burnett interviews Treasury Secretary Tim Geithner.
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/chandler_marc_100.jpg110010055lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse Winston Churchill once quipped that "The Americans will always do the right thing after they have exhausted all the alternatives." To be sure all the other other alternatives to the Treasury's toxic assets plan have not been exhausted, though many were.
Despite deep skepticism on the Street, stock futures are having one of their best mornings in months as details of the Geithner plan are now available.
It’s time for some show trials. But Congress shouldn’t be anywhere near them.
Don’t get caught up in the market’s swift move higher, Cramer says. Pocket your winnings while you can.
A very important program—the TALF—is off to a slow start due to political risks surrounding the program.