The Dow enjoyed a good day today, closing up 488.95 points at 8,191.29, the second biggest one-day gain in history. Since I've been kvetching about the precipitous drop, I felt it only fair to note an uptick as well.
Meanwhile, a House and Senate conference committee has reached agreement on a coprorate fraud bill, indicating the legislation could pass prior to the upcoming August recess. No details were available on the final bill's form, but legislators indicated it contained many of the provisions of a stronger Senate version. The House bill included stiffer criminal penalties, but as several have pointed out, the problem is securing a conviction in the first place.