[DaddyTorgo]

Originally Posted by sterlingice

I work in IT as a contractor for a certain Bank. Perhaps it is one of America. As we were sitting there today, catching up on the news and how a certain Bank needs something like $35B, it's stock shot up like 10%. Huh?

EDIT: I know there's more to it than that. Particularly the "we won't let the banks fail" part and the "they've already received a crapload of bailout money and still have a bunch sitting around" part. But it's just stupid. It flies in the face of logic.

SI

$35b really isn't that much all things considered. The expectation was that they would need to raise much more than that.