Ok, except: they "decided" to do this ... on a Sunday ... and the Fed okay'd it ... on a Sunday?
This is a huge concession: this means a teenager who has a car and smokes agreeing to a 7pm curfew on weekends.
What do they know that we don't? And: whose idea was it?
Theory 1: It was the Fed's idea, and MS/GS went along; they are unlikely to do this in any but the most awful circumstances, right?
Theory 2: This is just a way to get in under the umbrella of the $700B ... and the Fed said "Sure, get in out of the rain!" ... but aren't they already covered?
I'm bumfuzzled by this.
/jordan