The London Loophole: Despite this week's drop, oil is still trading above $133 a barrel this afternoon. And the story of the moment seems to be whether the U.S. can remove market speculation by imposing new regulations on oil trading. Limits such as limiting the number of contracts large scale investors can purchase.

The CFTC has recently made a recommendation to congress to attempt to impose regulations on the “London Loophole”. In essence U.S oil traders are bypassing regulations here in the US and dealing directly with London with oil contracts.

So to the above, we say… Think about it thong loving friends, do these regulators seriously think the price of oil calculated by “speculation”?

Crude oil at its peak on Friday topped $139 a barrel leaving no doubt in some analysts minds that oil will hit $150 per barrel by July 4thCentral Bank may bump op interest rates. With news like this, its great to know you have some very classy women in things waiting for you to view. Increase your carbon footprint and check out these babes.

Microsoft CEO Steve Ballmer has a big decision to make this weekend – Whether or not to take over Yahoo, or to invest his company resources in other things, like very sexy women at car shows.

Joe Lewis stop crying, we know you are worth a lot of money (right now) but suck it up like the champ you are and eat the sour deal that JP Morgan is offering you. $2 dollars a share is much better than $0 dollars. And furthermore, why would Morgan care if you lost a billion dollars? 99.999% of this world doesn’t care. Simply stated, we ask you one simple question, why didn’t you utilize your clout and share to ask questions before the collapse?

Overall stocks actually gained about three percent for the week even now we had several bumps along the way. Lets look at a few.

Bear Morgans:
Earlier in the week we saw Bear Stearns implode with a subsidized government sale to JP Morgan, as well as the fed cutting interest rates by three-quarters of a point.

Please don’t take my car:
We believe at thong and bong that its absurd and the only real thing benefit to this government bailout is that several key Bear Stearns employees get to keep their Porsche’s for the time being.