Recourse Bob

Two Fight Back - Cramer's Mad Money (9/11/08)

Cramer has never seen a government bailout that he didn't like. He'll let his kids and grandkids pay for those bailouts.

As far as his charitable trust investments, does anyone know how much money is invested in the trust. It may be only a small amount, but it gives him something to brag about.

Why would a supposedly great investor, as Cramer would have you believe his was, leave Wall Street and become a clown on CNBC? There must be a reason that he is no longer handling large investors' money. Something must have happened with his investing activities.

WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues

Anyone who turns in the keys should be prohibited from obtaining another first mortgage for at least seven years. And first mortgages should all be with full recourse to the buyer/mortgagor and enforceable under federal law. These measures would put a stop to those who think they don't need to repay their home loan. Congress, do you hear me?