Cramer's Stop Trading! Geithner Matters; Bernanke Matters (1/22/10)

 |  Includes: HBAN, JCI, WBS
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Friday January 22.

Huntington Bancshares (NASDAQ:HBAN), Webster Financial (NYSE:WBS), Johnson Controls (NYSE:JCI)

While Cramer has been a critic of the pace, timing and intensity of Obama's proposed reforms, he is not opposed to them in principle. In fact, Cramer thinks Obama is an improvement over Bush, whose laissez-faire policies led to the credit crisis. Healthcare, environmental and banking reforms are needed, but not at a time when the economy is taking the initial steps to recovery. Cramer agrees with Massachusetts Representative Barney Frank that banking reforms should be done in a 3-5 year timeframe and not immediately.

Cramer is concerned about rumors that Secretary of the Treasury Tim Geithner and Fed Chairman Ben Bernanke might leave the Administration. The departure of either would be "a great reason to sell stocks, not to buy stocks...“Bernanke matters. Geithner matters,” Cramer said. “Let’s not kid ourselves.”

With fewer non-performing loans, Huntington Bancshares (HBAN) and Webster Financial (WBS) are going higher. Cramer thinks Johnson Controls (JCI) is "the real deal."


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