Alex Sebastian

Rant Anniversary - Cramer's Mad Money (8/1/08)

I am not nearly convinced that the Fed cutting when Cramer wanted it would have done anything. Refinancing a mortgage involves a substantial upfront fee. How do these owners of NINJA loans afford that fee? They had no assets to pay for that financing. And think of where the USD would be. Cramer would have potentially stuck his finger in one of the holes in the dyke, but I wonder how the US economy would be reacting to $5 a gallon oil..?

I used to listen to Cramer, now for the most part I feel he is a rambling idiot. I definitely did not like his bottom call last week...