All you need to know

Today Tim Geithner officially released his toxic legacy assets program. A program which attempts to completely subsidize private investment risk in return for throwing good money after bad in an attempt to pretend excrement is in fact brown gold. A program that was largely derided by economists as trying to pretend the fundamental flaws in the financial system are just superficial, ignoring clear historical precedent and guidance, and one that will prolong our problems and forestall real action.

The Dow responded to this plan by going up 497 points.
The S&P jumped 54.
The Nasdaq went up 98.

Bad economic news is good Wall Street news, as long as Wall Street gets their cut. You really are better off betting your money at the dog track.