dow futures fair value up 294 points.., page-21

will end up very very green two nights in row.... wait for announcement of US plan. Then Libor will pick up globally.

http://money.cnn.com/2008/10/13/news/economy/treasury_details/index.htm?postversion=2008101320

President Bush will meet with his working group on financial markets at 7:30 a.m. ET and make a statement at 8:05 a.m.

Then Paulson will lead a group of officials making the announcement at 8:30 a.m. Paulson, Federal Reserve Chairman Ben Bernanke, FDIC Chairwoman Sheila Bair and Securities and Exchange Commission Chairman Christopher Cox are among the officials expected to attend.

The government may also temporarily guarantee lending between banks, a crucial function that provides businesses with funding for daily operations, according to an online report by the Wall Street Journal. This credit market essentially seized up after the collapse of Lehman Brothers, which sparked widespread fear about the viability of financial institutions around the world.