Wednesday, February 11, 2009

[1]

The CEOs of eight bailout-receiving banks appear before the House Financial Services committee on Wednesday. Expect a tussle between a TARP-hating Congress and a defensive set of panelists as they joust over whether taxpayer dollars were used wisely.

[2]

Does the stock market have any relationship to the real economy? Those questions were raised anew on Tuesday as the Dow plunged after Timothy Geithner’s announcement of his plan for re-capitalization of the economy. Don’t expect any further details from Geithner on Wednesday—he’s been on the job less than a month. But the market will continue to try to read the tea leaves.

[3]

Among companies declaring quarterly earnings on Wednesday are Activision; Arcelor Mittal; Buffalo Wild Wings; Chipolte Mexican Grill; Genzyme; forrester; Gildan Activewear; Ingersoll Rand; Marsh and McLennan; Mercer; and Santander Bancorp.

 

[4]

Although it's been a busy week at the Capitol, some of the most important work may happen out of view. House and Senate stimulus bills still need to be reconciled; there could be a deal as early as Wednesday.

[5]

It's been a quiet few days in the Bernard Madoff saga. But that could change on Wednesday, when prosecutors hit the deadline for indicting the alleged Ponzi-schemer.

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