How about some more spin about the banks and how poorly and undercapitalized they really are. Good start yesterday. We need some good car lies, about how Ford's (F - commentary - Trade Now) really doing awfully and GM's lying about its turn. No need to revise the lies about the "Cash for Clunkers" program, the first stimulus program that actually worked out of this administration. Better to just stick with the lie that it didn't and go with the "pull-forward" dissembling even though October was terrific.

Hey, I got a couple of good lies. First, Buffett. He's lying to himself about Wells Fargo (WFC - commentary - Trade Now) and his new buy. He doesn't know Wells Fargo like Meredith Whitney does, even though he bought in back in 1990. He's as off base with Wells Fargo as he is with Burlington Northern (BNI - commentary - Trade Now), that senile, happy-go-lucky accidental billionaire. How can he not know that Meredith Whitney's the most bearish she's been? She's been at it much longer and is much smarter than Buffett, isn't she? And how much wiser she must be, because she doesn't put a dime where her mouth is.

Buffett's lying to himself about Wells. Just like Soros is lying to himself about his moronic buy of Ford. Buffett's a dope with his buys. So is Soros. I wonder which guy is dumber ... although it has to be Buffett, because doesn't he read Meredith's research? Didn't he hear her about the state of the consumer and retail sales?