Investors Unimpressed by TARP

Market Watch

Updated Apr. 25, 2017 4:10PM EDT / Published Feb. 10, 2009 9:00AM EST

Initial reaction to the Obama administration's new rescue plan was not positive on Wall Street today. The Dow Jones average, the Nasdaq, and the S&P 500 all dropped over 2 percent in trading, with the Dow at one point down over 350 points. The main complaint? Treasury Secretary Timothy Geithner's plan lacks details. "The good news is they are going to spend a trillion dollars, the bad news is they don't know how," opined one investor. "The expectations have been so high. It's hard to live up to."

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Investors Unimpressed by TARP