The Dow Jones Industrial Index is up more than 450 points as I write. Less than one hour before the market close. Why? Well, probably because the Feds arrested the founder of Adelphia Communications Corp. and his two sons this morning.
Want to improve confidence in the market -- put lying, cheating CEOs in the slammer.
Arthur Andersen was first. Adelphia is second. Others will follow.
Will this shut up critics of the Bush administration? No. But it makes the more overtly partisans look a little more foolish.