The Fed’s plan to bailout indebted consumers and mortgage holders may sound impressive on paper (remember when $800 billion sounded like a lot of money), but it may just be “spitting in the wind.”

- So says economist Michael Darda, chief economist at MKM Partners LP in Greenwich, who is quoted on Bloomberg this morning. According to Darda, “Banks won’t be throwing a lot of loans out there when they fear - rationally - those loans may not be paid back.”

- We’re reminded of the plight of the the unfortunate French ducks who have their livers forcefully fattened to produce foie gras (literally “fatty liver”). The Fed is determined to force feed debt down the throats of already indebted Americans so that said already indebted Americans can go out and spend said debt.

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Over the last year, Sprint Nextel Corporation (NYSE:S) has become the equivalent of Stephen King’s Carrie. The redheaded step-child of the top 4 wireless companies - In the 4th quarter, Sprint posted a $29.5 billion loss (one of the largest in corporate history) . So can Sprint stop the bleeding or will the blood flow? Sprint's loss was largely due to a write-down of the value of Nextel, which has suffered from poor network quality and ...