It Could Happen - Cramer's Mad Money (9/26/08) [View article]
The problem is much, much bigger than the $700B bailout. This is throwing good money after bad money - and totally useless. Recessions are good - they kill moronic businesses, and make room for the new generation of smarter people. The innovation process will continue, but only after the Wall Street morons are R.I.P.
I wish it were that as simple as cutting the rate. At first blush, it reads like a probable course of action for Fed. However, they lowered it from 5.25% to 2%, while the credit froze. So it didn't help much.
Banks are like the Titanic survivor floating on the ice cold water. They are freezing, and some will go underwater soon, while the Leaders keep talking that the economy is sound....
It Could Happen - Cramer's Mad Money (9/26/08) [View article]
It Could Happen - Cramer's Mad Money (9/26/08) [View article]
Another Day Without Precedent [View article]
Banks are like the Titanic survivor floating on the ice cold water. They are freezing, and some will go underwater soon, while the Leaders keep talking that the economy is sound....
The Fed's 'Suez Crisis' [View article]