Holy Cripes

The DOW is jumped a whopping 497 and the S%P jumped a similarly whopping 54. That's huge. Wall Street likes the PPIF plan at least for now.

Reuters: U.S. woos investors to buy toxic assets

...Krugman said it was a rehash of a "cash-for-trash" proposal the Bush administration floated last fall. He said the incentives meant investors could profit if asset values increase, but "walk away" if they fall.