RiskAverseAlert

Cramer Does It Again with CIT Call

The trouble with Shemp is he believes the Fed is not bankrupt and that the credibility of the institution remains intact. This, however, is a serious flaw at the foundation of Cramer's contemporary macro analysis. Though he recognizes credit expansion is a necessary element for cultivating a bull market in stocks, it is the collapse in confidence in the quality of credit and in the credit market's capacity to infinitely expand in a manageable way that he fails to acknowledge. Big mistake. However, I don't imagine it'll be all too terribly a costly one. He may be a macro idiot, but he does know how to trade.

CIT: A Turning Point in the Financial Crisis

... "And no one likes throwing good money after bad..."

Oh really? Go tell that to Uncle Sam!

... "especially when that new money doesn’t have the protections afforded to DIP financing in a bankruptcy situation."

RED ALERT! ... RED ALERT!

Does not the desperation of such a move strike you at all as being troublesome?