Like Cramer said; government buying low, selling high. Between what he and Buffett and others

are saying, good chance on making money on this deal.

:grr:

philosopher said and that was you could take all the people and throw them in a sack and shake it up and the same ones would rise to the top again.

Because the CEO's are too greedy.

want limitations on CEO salaries. He actually had tears in his eyes from laughing. I don't know if that was from sadness, unbelievability or what.

is now someone to pay attention to?

on edit: and Dennis Kucinich is someone to ignore?

Cramer has no credibility.

He was recommending his viewers buy a lot of these bank stocks as recently as 4 months ago.

This is no different. It's a scare tactic. We're bailing out millionaires and billionaires who have enough money between the sofa cushions to bail their companies out IF THE WANTED TO. Thanks to Bush's tax cuts, they won't have to worry. They're wealthy beyond their means, and didn't want to have to take any responsibility for their criminal actions. This is a fucking disgrace, and an official end to our entire way of government. Don't fall for this shit a second time. NO ONE benefits but the insiders.

(on edit): BTW, Cramer also admitted that REAL banks are strong enough to do this bailout IF THEY WANTED TO. That is why JP Morgan was able to buy up WAMU. They had the capital. And they knew that they could make money off the bad paper. SO, why not let the well-capitalized healthy banks buy up this bad paper if it's such a sure thing to make make money? Think about it.

.

All Cramer is is a paid shouter, paid to get the suckers to jump whichever way his corporate masters want them to jump. He's not an expert, he's a mouthpiece.

about what is going on. Especially since I now understand what credit default swaps are.
What I do know is that I have spoken to people in the local banking industry in CT and PA and both said that they are doing fine and have no problems issuing credit, that a survey by the National Association of Independent Business replied that only 2% of their members were having any difficulty with credit (how much do you want to bet that the 2% would be having difficulty anyway).
Finally, no can explain to me just what the consequences will be if we don't bail them out. There are lot's of vague responses to scare us (No Money, No Credit, Disaster, Run on banks, etc.) but I haven't heard "exactly" what the outcome will be.
I do know that companies that did get into trouble (Lehman, AIG, Wamu, etc.) had their assets pick up very quickly. (Isn't that the way it's supposed to work?) Obviously someone on wall street has money to spend and invest in a bargain.
None of this passes the smell test.

He proves that every time he opens his mouth.

Don

People who listened to them lost their shirts. They are corporate shills.

I think I'll go with the latter two.