The futures are up big as the market seems to like the growing momentum of the bad bank scenario, in which the FDIC or someone sets up an entity to buy the toxic assets from the good banks. This won't be easy to pull off and since nobody knows for sure which pound or two of flesh that Obama will extract in return, buying the banks in here should be done gingerly.
The news probably won't be official until next week, as Obama and crew are very busy cancelling Citigroup jet orders at the moment.
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