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&lt;p&gt;This morning I was talking to an ex-managing director in M&amp;amp;A at a bulge-bracket investment bank who &amp;#8220;retired&amp;#8221; from the banking business last summer. We were speaking about the market, in particular Citi&amp;#8217;s and the Dow&amp;#8217;s recent plunges, conjecturing if&amp;nbsp;the Big C&amp;nbsp;would go belly up (he said no chance; I say there&#39;s a good one) and when and where the index would bottom out (6,500 anyone?). We were also&amp;nbsp;talking about the situation in The D. That is, Detroit, where we both were reared. His thoughts were if the Big Three receive a temporary bailout, the economy will come back perhaps as soon as the second quarter 2009, but if not, we could be looking at a few-year recession as a result of the fallout.&lt;/p&gt;&lt;p&gt;That said, just in from D.C. minutes ago: House Speaker Pelosi and crew told the Big Three, &amp;#8220;Show us the plan, or we ain&amp;#8217;t showing you the money.&amp;#8221; Meaning someone in Detroit better start scribbling something down quickly or else there&amp;#8217;s gonna be a lot of folks in Motown and well beyond joining the ranks of the unemployed.&lt;/p&gt;&lt;p&gt;There is good news out of the D, however. They can still funk it up like nobody&amp;#8217;s business.&lt;/p&gt;

Derek Loosvelt

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