Blackstone's up 19%

[Joanne98]

http://finance.yahoo.com/q?s=BX

On this news......

* Blackstone awaiting details on Public-Private * Talking to Treasury about ways to help system * Providing ideas to get system going By Megan Davies NEW YORK, Feb 27 (Reuters) - Blackstone Group LP (BX.N) is
talking to the U.S. Treasury and the Federal Reserve about ways
to help get the financial system going again, Chief Operating
Officer Tony James said on Friday. U.S. Treasury Secretary Timothy Geithner is aiming to
unfreeze credit markets by way of a new program that would
combine public and private capital in a fund that would buy
troubled bank assets of up to $1 trillion. James told reporters on a conference call that he had not
seen enough details on the Public-Private Partnership proposal
to know what opportunities will open up. But he said he was
getting encouragement from the Treasury and Fed to make capital
available. "We are talking to government officials both at Treasury and
the Fed and the administration, in terms of not only what
they're planning but in terms of anything we can do to help," he
said. "We are also providing them with a few ideas that we think
are constructive for their consideration on how to get the
system going again," James said.
(Reporting by Megan Davies, editing by Matthew Lewis)
http://www.reuters.com/article/marketsNews/idINN2750211920090227?rpc=44

I wonder what they're doing.