Dow Soars as Investors Back Bad Asset Plan

Bank stocks soared on Wall Street today as investors bet the Treasury Department's plan to help buy bad bank debt will put the nation's beleaguered banks on more solid financial footing. The Dow Jones industrial average gained 500 points, marking the fifth biggest one-day point gain in history and signaling a strong endorsement of the Obama administration's move to help the nation's ailing banks take $1 trillion in bad assets off their books. The rally came after Treasury Secretary Timothy...Full Story
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