More to come.....

* "This plan will cost the government in the hundreds of billions," said Treasury Secretary Henry Paulson. The proposed new government programs would guarantee holdings in money-market mutual funds, curb short-selling and a plan to deal with toxic mortgage debt. (Read: taxpayers will pay via higher taxes and higher inflation)

Quote of the Day

* "Today's reported potential infinite bailout of all and any portends, if adopted, is the largest increase in dollars outstanding since the Jurassic Age. It closely models actions undertaken regarding the production of currency liquidity seen in the "Weimar Republic," JSM.

JMC