So these foreigners just bought up a nice chunk of America.

Stocks Shoot Higher on Fed Credit Plan
Tuesday March 11, 4:25 pm ET
By Joe Bel Bruno, AP Business Writer
Dow Jumps More Than 400 Points After Fed, Other Central Banks Move to Ease Credit Crisis

NEW YORK (AP) — Wall Street finally found a reason for a huge rally Tuesday, after the Federal Reserve said it plans to pump $200 billion into the financial markets to help ease the strain from the credit crisis. The Dow Jones industrial average shot up more than 416 points, its biggest one-day point gain since July 24, 2002.

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The Fed’s program is part of a worldwide effort to help struggling banks and mortgage providers. The Fed — acting in concert with the European Central Bank, the Bank of Canada and the Swiss National Bank — agreed to loan investment banks money in exchange for debt, including slumping mortgage-backed securities.

The move is meant to essentially create a market for assets that investors have been too scared to buy. That freeze-up in demand had sent asset values plunging and caused huge losses for some of the world’s biggest banks.
http://biz.yahoo.com/ap/080311/wall_street.html?.v=32

NEW YORK (CNNMoney.com) — Stocks surged Tuesday morning after the Federal Reserve said it would loan up to $200 billion to banks and lenders in an effort to loosen up tight credit markets.

The Dow Jones industrial average (INDU) soared more than 250 points in the early going. The blue-chip index had ended the previous session at a 17-month low.

http://money.cnn.com/2008/03/11/markets/markets_morning/index.htm?cnn=yes

Oil prices struck a record high of 109.72 dollars per barrel on Tuesday after the dollar hit a fresh all-time low against the euro and amid persistent energy supply concerns, traders said.

New York’s main oil contract, light sweet crude for delivery in April, soared to the historic level, beating the previous peak of 108.21 dollar that was set on Monday.

http://www.breitbart.com/article.php?id=080311144348.faqp5u5q&show_article=1

IMPEACHMENT PROCEEDING?
Republicans Set Deadline For Governor’s Ousting: ‘I’ve Asked Him To Resign’
NEW YORK (CBS) ? If Gov. Eliot Spitzer opts to roll the dice and not resign, state Republican leadership will force him to go all-in and call for his impeachment from office, according to a state Assemblyman, who admitted he asked the governor to step down.

Sources told CBS 2 HD shortly after it was reported that the governor was linked to a prostitution ring that he would likely hand in his resignation, which could happen within the next 36 hours.

One way or another, the clock is ticking on Spitzer’s next move.

http://wcbstv.com/breakingnewsalerts/spitzer.prostitution.ring.2.673848.html