Rock, Paper, Scissors

Scissors wins.

The Federal Reserve has three options: 1. Use rocks to bludgeon banks into lending again, 2. "Print" more paper money and drop it from helicopters or, 3. Cut rates to make the cost of money as low as possible.

The chances of a quarter or half point rate cut are pretty high; like somewhere around 100%. A fifty basis point rate cut would bring the Fed's key interest rate down to 1%, right where rates were in the beginning of the decade when credit was cheap and Americans were skipping down the road in debt happy oblivion.

Hey, wait a minute. Wasn't that what got us into this mess?

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The IMF has agreed to lend money to Hungary to prevent it from "going Iceland all over the place."

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The Financial Times is reporting that last month Citigroup spurned the advances of the prettiest girl at the ball. Rather than taking over the most highly regarded investment bank on Wall Street (Goldman Sachs, which then became a commercial bank) Citigroups CEO, Vikram Pandit, instead decided to go home alone and dream about Wachovia. Weeks later, Citigroup worked up the nerve to ask Wachovia out on a date and Wachovia accepted. Wachovia then stood Citigroup up and instead, had sex on the first date with Wells Fargo in the backseat of a stagecoach.

Goldman Sachs could not be reached for comment.

Chalk up another FAIL for Citigroup.