The auto industry’s loan guarantee pleas is set to be addressed soon by Speaker of the House Pelosi. Does anyone expect her to say no two months before election day? The White House earlier said it has no plans for a second stimulus package despite pleas from Congress (maybe in return for drilling on the OCS and ANWR?). Lehman remains under pressure with the market assuming the bailout binge has reached its end and Lehman will be left to its own devices.