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Stocks discussed on Jim Cramer's Stop Trading! TV Program, Monday February 8.

Goldman Sachs (NYSE:GS), CIT Group (NYSE:CIT), Ralph Lauren (NYSE:RL), AIG (NYSE:AIG),

The New York Times had yet another go at Goldman Sachs (GS) for receiving payment of money AIG (AIG) owed it for insurance contracts for mortgage securities. The article alleges Goldman gouged AIG and was partly responsible for its financial ruin through collection of the debt. “How many times do we have to read these stories?” Cramer asked. “How many things did Goldman bring down?” He added that yet again the media is painting Goldman Sachs as "the root of all evil."

Cramer thinks former Merrill Lynch CEO John Thain will be successful as the head of CIT Group (CIT), at least successful at furthering his own interests; "All I can tell you is, is that he does great everywhere he goes,” Cramer said. “And if there was a stock called Thain, Inc., I would file a 13D position because I know he will do great. How do the other people do who work with him?” Cramer continued. “I’m a diplomat.”

While Cramer confessed Ralph Lauren's (RL) conference call last week was "bad," he thinks The Street's reaction was overdone, especially since the company gave some advance warning of a lackluster quarter and is currently in the process of revamping a struggling division.

“This quarter is not going to be good,” Cramer said, “But I do believe that you have now seen the worst, and it’s time to be thinking about buying this stock again.”

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Source: Cramer's Stop Trading! Is Goldman the Root of All Evil? (2/8/10)