Hours after the Toxic Assets Plan is announced, BlackRock, the largest traded fund manage in the US came out to say they will take part in the plan.
PIMCO, another huge fund manager too, indicated a willingness to join in.
Even without discussing further details with the government, the honchos of these companies came out to commit themselves tell you something.
They seem to have a sense of national responsibility vested on them.
The market likes the news too. BlackRock is trading higher by just under 9% and the Dow, punches above 320 pts.
Anyway, its good for the rest of us.
'Save America, save the world'.
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