Extra Credit, Monday Edition

AIG’s Long-Term Debt Ratings Cut by S&P, Moody’s: This is how the world ends: not with a bang but with a downgrade.

Hirst’s Art Auction Attracts Plenty of Bidders, Despite Financial Turmoil

Totally Unfounded Rumors: Midday Ratings Summary

Pandit Memo Seeks to Rally Citi Employees: Yes, he signs off with "Citi never sleeps."

John Thain: Alien! "While Fed Chief, Ben Bernanke and Treasury Secretary Paulson called for new regulatory powers to shield the economy from the collapse of Wall Street firms, John Thain was deep in discussion with the UFO alien about the future of his firm Merrill Lynch."

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