OldLimey

The Urgent Financial Crisis Facing Obama

Whilst Mr. Geithner's willingness to comply with tax laws is certainly something worth enquiring into, it's a shame it has crowded out deeper discussion of whether or not the particular role he played in the bubble and its initial round of bail-outs makes him an appropriate person to advise an inexperienced president. America is a huge country blessed with truly great talent. Surely there are less tainted candidates of no lesser intellect?

Barclays: Crushed

"More importantly to me, who is going to sponsor the English Premier League??"

The Fed, of course.

venividivici: as a Man U. fan for over half a century I just want to take you up on two points.

1. Ronaldo is Portuguese (actually, Madeiran) not Brazilian.

2. The AIG sponsorship will almost certainly give United access to TARP 2. Won't it?

Preview from Europe: Stocks Hold Up While Waiting on Obamulus

Given that it's impossible yet to get a handle on bank balance sheets (i.e., whether write-downs have to date been adequate and asset values are realistic), earnings reports belong on the 'fiction' shelves. Perhaps the range of estimates reflects the breadth of scope open to managements for a bit of creative accounting. Still, the Street will continue to live in its parallel universe and do its best to suck our money into it.