MSNBC Article - Stocks tumble as bailout plan is unveiled
Geithner short on details, but says plan could be worth $1 trillion
NEW YORK - Investors are turning skeptical about the governmentís latest bank bailout plan.
Financial stocks led the market lower Tuesday, reflecting Wall Streetís growing concerns about the governmentís ability to restore the health of the banking industry. All the major stock indexes fell more than 2 percent, including the Dow Jones industrial average, which tumbled more than 300 points.
Traders and investors said the lack of specifics from Treasury Secretary Timothy Geithner on how the government would direct more than $1 trillion in public and private support was troubling.
I called this one earlier today. I knew this would happen.