Market Holiday

Short Ban: Government Policy Created Too Hastily

Short term boost in the market, but I do not see how this will correct everything. The bottom line is that financial institutions made bad bets in derivatives. You can't easily fix that with something like the old RTC. If the government trys, interest rates will rise and housing prices and these same derivatives will fall. It is an attempt to forestall a downward spiral and will work until it suddenly does not.