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Elsewhere on Wednesday,

- Live-blogging Goldman.

- “Beer is many things, but it is not, unfortunately, a matter of national security.”

- “They call him The Fourth.

- Will “regulators will let MBIA, the big bond insurance company, renege on a promise to shore up a crucial unit with $900 million in capital.”

- A hedge fund boss defends a monoline.

- Faltering financials, in global market cap.

- Jamie “wasting money is a sin” Dimon says Bear was a steal. (HT Dealbreaker).

- “Fortunately, I no longer have to do a lot of flying to SE Asia and South America to keep tabs on the world financial crisis; I can get there on New Jersey Transit.

- How to lend stock to yourself.

- Waiting for the day - notes on housing.

- “Look at all the SUVs on the highway the next time you drive. Is it any wonder people have no down payments for houses and are struggling with bills?”

- “In ‘Investing in Liquid Assets,’ he argues that a portfolio of fine wines will outperform a portfolio of fine stocks.”

- Rant alert!