Cramer's Stop Trading! Go Ahead, Geithner (1/21/09)

 |  Includes: NTRS, PNC, USB
by: Miriam Metzinger

Stocks discussed on Cramer's Stop Trading! Program, Wednesday January 21.

Go Ahead, Geithner ....with stocks Northern Trust (NASDAQ:NTRS), PNC Financial (NYSE:PNC), US Bancorp (NYSE:USB)

While Cramer has been anti-Geithner since his name was floated as a potential pick for Treasury Secretary, Cramer says another day cannot go by with such an important position in limbo.While the focus is on Geithner’s past taxes, the important questions are not being asked. How does Geithner feel about the way Freddie Mac and Fannie Mae were handled? Will he protect the banks’ preferred shares? Cramer makes no secret of the fact that he still blames Geithner, along with Henry Paulson, for the collapse of Lehman Brothers; “He is the copilot who crashed the plane. Although Cramer thinks FDIC Chair Sheila Bair would be a better choice for the job, he wants to see Geithner go ahead and fill the position of Treasury Secretary.

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