Did U Think The Ponzi Scheme Would Last?

Fed Should Cut Rates - Cramer's Mad Money (9/5/08)

Brit, Cramer is, as you say, deliberately suckering sheeple into his nasty bank stocks so that his wall st pals can escape. We are nowhere near the bottom. Cramer makes it sound like the fed can clean up the mortgage mess with a snap of its fingers and then it's all off to the races again. Too bad the nationalization of fnm and fre will cost money that the us doesn't have and will have to print from thin air. Thus, nationalization is inflationary. That means more rising prices on everything which means less money available for buying a house. Soon the interest rates will be skyrocketing no matter what the fed does because the USD itself will get called into question and before anyone sinks their cash into a bond it will have to return more than the rate of inflation.

You simply cannot fix one leveraged indebtedness problem by creating another.