July 08, 2009
– Comments (3)
15:57 US Treasury, Fed, FDIC announce program to buy up to $40 bln of toxic securities - Reuters
Some stocks issuing upside guidance afterhours:
Wow AA blows away estimates posts smaller loss, higher revenues.
It is only for $40 billion, it is probably just about 5% of the toxic debt out there. And I read it on Bloomberg a couple days ago already. It was a "better than expected" treasury auction that moved the market, I think.