Updated from 7:07 a.m. EDT

By Stockpickr Guest Columnist Gino Lattarulo

I'll say what is currently on everyone's mind: This whole

Sirius XM

(SIRI) - Get Report

situation has become a complete disaster.

I have watched Sirius officially become a penny stock again, sinking to levels that have not been seen since it emerged from bankruptcy a few years ago. The stop loss is your best investment friend, folks.

How can our government have allowed the FCC to drag its feet for 18 months without mandating a time restriction on future decisions?

Yes, yes, of course we all realize that there are many other important issues to be addressed that our Government is dealing with -- the energy crisis that caused the auto crisis and food crisis, the housing crisis that caused the credit crisis, the Iraq crisis that caused a world crisis, and so on and so forth. But gross negligence of this magnitude in one of our branches of government deserves at least a second look.

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