Ya like he has the smarts, he tells us that we are in a fiscal crisis and yet he can’t get the Assembly do do anything. Although he is pretty smart when it come to government borrowing to get itself out of debt…. They borrow from us all the time by way of the Authorities and one shot revenues, all it is is stalling the inevitable.

The one positive about todays stocks was the falling oil price per barrel. Finally back under 100. now we just have to wait for the prices at the pump to drop.

Briefing.com: AIG Financially Sound — NY Governor

[BRIEFING.COM] Stocks pare some losses as several headlines regarding struggling Dow component AIG (AIG 5.98, -6.11) hit the wires. The stock market’s decline is steep despite the modest recovery effort.

New York Governor Paterson said AIG remains a financial sound company and has authorized the company to access $20 billion of assets through its subsidiaries for the purpose of posting same as collateral, Reuters reports. Paterson said the plan lets AIG “make a bridge loan to itself,” Dow Jones reports. Meanwhile, CNBC reports AIG is still talking to the Federal Reserve.

Crude oil is posting a loss of 3.5% to $97.57 per barrel. The current level is a significant improvement from session lows, when oil traded with a loss of 7.0% at $94.13 per barrel.