by Calculated Risk on 3/06/2009 04:04:00 PM

Market was up today (bouncing off 666), so no Bad Bears for you! (OK, click on link for graph)

From the WSJ: Lloyds, U.K. Agree on Asset-Protection Plan

Lloyds Banking Group PLC and the U.K. government have struck a deal in which the government would both insure more than £250 billion ($353 billion) in Lloyds assets and increase its stake in the bank to as much as 75% ... The new agreement could be announced late Friday in London