Despite the rise in the market in the past few days since the official announcement of "Geithner's Plan", I remain skeptical of the plan's success, particularly with regards to the pricing of the toxic assets and the administration's unwillingness to let capitalism work.
A rising market does not necessarily mean that banks will actually lend nor companies hire. In the 21st century, by and large, the market reflects the 'beliefs' and opinions of people who are gamblers at heart. Overall, they are not looking at the long term effects of their investment; it's a question of whether the stock will rise tomorrow or next week, not whether the company behind the stock will be here ten years from now.
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