LuckyPierre

Tim Geithner needs to bid farewell to Capitol Hill, where he seems to be testifying every other day, and work on his plans to fortify U.S. banks. "Keep Tim at his desk, and tell him he can't go up to the Hill to play until he completes what may be the most important assignment any Treasury secretary has faced." (NY Times)

One of the problems with this grilling by the Congress, whether it is directed to Geithner, Bernanke, etc. is that it's more politicizing and grandstanding by Congressional members in front of the cameras. This is counterproductive. Take away the video and TV cameras. Openness is good, but let it take the form of providing the transcripts to those interested.

Where Will Oil End 2009?

Predicting the weather at year end is likely to be more accurate than predicting the price of oil 12 months from now. Considering the "survey of 30 or 33 analysts" statement: What was their range of predictions and individual margin of error? and what's been their track record in their past predicting anything 12 months out?Taleb (The Black Swan) would have a field day with those predictions.

Bush Speaks! Evildoers To Be 'Persecuted'

You heard correctly. He meant persecute! They will be sent to Guantanamo! (Prosecute is for those seeking justice under the Constitution, which obviously does not apply under this administration.)

Wachovia Downgrades AIG, Oppenheimer Downgrades Wachovia [Housing Tracker]

Downgrades - almost humorous. "You downgrade me, amd I'll downgrade you - so there!" These so-called analysts should go out and get a real job producing something useful.

Positive Analyst Call Should Give AIG a Lift

I have an immediate annuity with AIG that is paying me for life. Now I'm not sure whether that means my life or theirs. I'll have to read the fine print.

And You Think Today's Gas Prices Are High?

We were much less dependent upon cars and other vehicles back in the 30s so the comparison is meaningless. In fact go back about 100 years and we might see how cheap today's light bulbs are in comparison - and so on.

And You Think Today's Gas Prices Are High?

We were much less dependent upon cars and other vehicles back in the 30s so the comparison is meaningless. In fact go back about 100 years and we might see how cheap today's light bulbs are in comparison - and so on.

And You Think Today's Gas Prices Are High?

We were much less dependent upon cars and other vehicles back in the 30s so the comparison is meaningless. In fact go back about 100 years and we might see how cheap today's light bulbs are in comparison - and so on.

Pre-Market Snapshot

Receiving Alpha Alerts late in day or in this case next day -Saturday am.