rcraig

AIG Must Not Fail! - Cramer's Stop Trading! (9/15/08)

Cramer is a clown, a performer, an actor, a braggart who can't remember when he says a misguided word of optimism or guidance.
The entire premise is he and GE take the stand that he is nothing less than one long infomercial. And according to the laws an advertisement is an advertisement and nothing more. It is not an offer, it is not a guarantee, it is no a solicitation.

For the other issue of discussion, why does the governmet allow a "Mom and Pop" store fail? When they fail the governemt autions off all the assets to pay all debts, but, when a large corporation like MER, or AIG falter under the same misguidance learned and demonstrated by Jim Cramer the governemt comes to the rescue.
In my humble opinion nothing real bad would happen if any of the big boys collasped. You would have a bunch of smaler scavengers scraping up the goods and going about their ways. The risk of allowing a government insured company like Freddy Mac and Fanny Mae go bust is it would mean the goverment guarentee is worthless. While if the big boyss go bust and the CEOs are held accountable for their actions it sends a clear message throughout the indutry that enough is enough.
Let's hope the hocky mom gets into office. I can wait another two years when McCain drops out of sight and leaves her the reins.
The pig sty has to be cleaned out every now and then to make sure the rest of the farm animals don't catch hoof-and-mouth disease.
I just wish someone in law enforcement would exercise their oath to defend the counstitution against all enemys foriegn and domestic and make a few politicians and CEOs do their public PERT Walk.