The Vig

The Asian markets have only been open for a few minutes, but already they’re liking what they see of the Treasury Department’s plan.  The Shanghai Composite is up over 8.5%.  I don’t get it, but whatever.  Hopefully silver gets knocked down a little tomorrow so I can pick some more up cheap.

Meanwhile, back at the ranch. John McCain’s chief economic advisor, and likely McCain Treasury Secretary Phil Gramm, scored a major coup today by getting one of his clients, UBS, written into the bailout.  Like you, I’m looking forward to hearing Senator McCain’s thoughts on Senator Gramm’s lobbying efforts