Wall Street Cheers Plan to Soak Up Bad Bank Assets- AP

Stocks are sharply higher, a sign of investors' relief over the government's plan to help banks remove as much as $1 trillion in bad assets from their books.

Taken on Yahoo.

Just JPM alone has over 33 trillion in so called "bad assets" (It's expensive keeping the price of Gold and Silver down over all these years.)

So ya, 1 trillion for all those banks combined is really going to make a difference.

Are they all wearing their moron hats today?

Later