Wisps of Hope, Cramer Accepts His Beating
• Investors are finding "wisps of hope" in the current not-so-bad economic news, so the three-day winning streak on Wall Street may continue today. [DB]
• AIG reached out to Warren Buffett twice before ultimately collapsing. [BN]
• Citigroup is looking at adding four new people to the company's board. [WSJ]
• Ken Lewis seems to be sending signals he wants out of BofA. [Dealbreaker]
• H. Rodgin Cohen is out of the running to be deputy Treasury secretary. [DB]
• There's already chatter that Treasury Secretary Tim Geithner may get pushed aside in favor of—yes, you guessed it—Steve Rattner. [BI]
• How bad is it for hedge funds? John Paulson was up 38 percent last year and he still lost 16 percent of his assets during the last half of 2008. [Portfolio]
• Two things you never expected to see: A meek, frightened Jim Cramer on national television. And a comedian talking about CDOs. [The Daily Show]