Market Reacting Postively to The Big Bailout Of Freddie & Fannie

It just has to happen.

And as stated on Saturday's posting, Bill Gross Massive Statement To The Feds, Inflation, Boone Pickens Latest View on Oil And Baltic Dry Index Keeps On Diving!

• But as far as Gross is concerned, if Fannie Mae , Freddie Mac, Citigroup and Merrill Lynch hold offerings to raise capital, Pimco will be sitting them out.
  
  This puts Henry Paulson and the Treasury Department in position to have to act. Washington has been holding on any kind of bailout, hoping that buyers like Gross will keep struggling banks afloat. But by refusing to take part, Gross, the biggest bond buyer in the world, is in effect calling the Treasury’s bluff.

And how Paulson and his team has reacted by seizing control of Freddie and Fannie. See Government Takes Control of Fannie, Freddie and Paulson's Full remarks. In my opinion, there was no alternative.

And the markets from Asia are now reacting positively on the news of the bailout. Asian Markets Soar 2% on Fannie, Freddie Bailout