THANKS TIM, DRUDGE REPORTS, BUT DON'T BLAME TIM HE IS JUST THE MESSENGER

THANKS TIM

This is the headline on Drudge Report, and it leads to this story on CNBC News, 

Stocks Tumble as Bailout Plan Is Unveiled

The Dow Jones Industrial Average was down nearly 300 points after Treasury 

Secretary Tim Geither revealed details of the bank-bailout plan. Earlier, the blue-chip 

index was down less than 100 points.

Some market pros said the market selloff was simply a case of 

buy on the rumor, sell on the news. Tony Crescenzi of Miller Tabak said 

Geithner spoke to the wrong street: Main Street instead of Wall Stree"The problem is that Geithner needed to speak more to Wall Street, where the problems lie, 

rather than stay at a distance as he did, and leave Wall Street with too few details 

with no roadmap by how it might find its way out of current difficulties," Crescenzi wrote 

in a note to clients.

The "Financial Stability Plan," as it's now called, consists of four main components:

1) It will set up a public-private fund to mop up to $500 billion of spoiled bank assets.

2) It will set up a consumer-lending facility to support up to $1 trillion in new lending.

3) It will devote up to $50 billion to help stem home foreclosures.

4) It will provide new funding to banks after a "stress test" to determine if the bank is healthy.

Some market watchers remain skeptical over the benefits of the plan and legendary 

investor Jim Rogers told CNBC it could even make things worse. 

The bailout will plunge the US further into debt and it is designed by 

the same people who failed to forecast the crisis in the first place, Rogers said.

However, the Drudge Report is incorrect, Tim Geithner is only the messenger, the real culprit and benefactor of our praise should be President Barack Obama and all the Euopean Socialists in Congress who back the Stimulus, I mean SUCCUBUS bill.   Meanwhile GOLD went up 1.87% as Tim was being the message boy.  You know I feel like I am watching one of those movies, that by the first 10 minutes I know how it is going to end and You hate the ending.  Well the USA is in one of those movies and the American People are going to hate the ending.

-LEX REX