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Rambling thoughts on who knows what... Because not everything is as the conventional wisdom would have it... BLOGS I SORT OF LIKE... Volokh Conspiracy ProfessorBainbridge MarginalRevolution Patterico Powerline Ace Wizbang JustOneMinute XRLQ Betsy's Page HE WHO USED TO LINK ME EVERY NOW AND THEN InstaPundit Email Steve
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Friday, January 16, 2009
As the stock market moves in correlation with the prospects of the Treasury Department getting its hands on the remaining $350 billion in TARP money. Every time it looked as if the funds were going to be held up (or serious restrictions placed on their use), the stock market went down.
Well... with a large part of stock trading being done by traders at banks and other financial firms in line to receive large chunks of the bailout funds, my inner skeptic has to ask: To what extent were these traders driving down the market in order to scare Congress into releasing the money?
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