I thought that little tantrum Cramer had on CNBC back in August was bad enough. This is really over the top, even for Cramer.

There are consequences to be had for misallocating capital. Surely all the telecoms and the dot.com had to take their punishment for misallocating capital in the late 1990's. So this cycle's ill-disciplined players were in the financials. And Cramer wants to open the monetary floodgates.

Think we should have to endure $200/bbl oil to save these guys?

kramer your a moran. stick to being a comedian and hands off financials that you know nothing about.

Who pads Jim Cramer's pockets to write nonsense that is only self serving to the greedy fools who caused this mess?

Doesn't Jim Cramer have enough years under his scalp to remember ANYTHING about STAGFLATION and the morrass that it brings?

Oh yea. Funds taken to ZERO. That would please all thae thieves on wall street. Cheap money.That's always good. If this keeps up we'll all be speaking Chinese.Or Russian. Way to go Kramer.

Chet

One thing to be skeptical, quite another to a "0" point of view. As you say, the world economy is fine, except ours. It is not going to stay that way. Jim, you have your head in a dark place as you seem to be ignoring the fact that the currency gap is gorwing. How long do you think that this can continue until their exports get to high in price and they lose their market. When they do, they lay off and our exports cease to be bought. I think that you should at least wonder why Master Cards profits were mostly foreign. Is it possible that the rest of world is on a buying spree due to cheap U.S. goods? If so, they join the U.S. consumer - way in debt.
If you want to buy something - buy a solid water source, than you can grow food. Both are sure to remain in high demand.

There it is, finally. The confession that what Wall Street really wants is free money for itself. What happened to the 7 million homeowners facing foreclosure? What happened to "free market capitalism is the best path to prosperity?"

So now we know that, while the economy is fine, everything is going to Hell in a handbasket. This all reminds me of the Duchy of Grand Fenwick in "The Mouse that Roared," whose national emblem was a double-headed eagle that said "Yea" from one beak and "Nay" from the other.

Between "Mad Money," "Fast Money" and "Kudlow & Company," CNBC has become a very bad reality show about the current crop of self-absorbed Masters of the Universe. In a couple of years, its stars will hopefully find themselves on the already mountainous trash heap of financial history.

Charley

The problem is that in the case of the financials, the consequence of "letting them pay for their lack of disciple" might be to punish a lot of innocent bystanders. The losses from the unfolding fiasco will inevitably be "socialized" via the political process.

The best thing for the Dow would be for it to retrace to the mid 11's where it has support. The runup first half of the year was not based on fundamentals, just unlimited, easy money, piling on a trend. When Cramer says that the Fed could cut to zero, I don't think he means that they should...I think he's saying that there are a plenty of shoes left to fall that will.

Cramer believes it is better to make 200 million people suffer the ravages of run away inflation,followed by growing unemployment, and financial devastation, than it is to let a few super rich financial executives reap the results of the seeds they sowed. This morning, he said on the TODAY SHOW that he is in the trenches with the Fed Reserve and they are going to continue cutting the rate despite the results to inflation. America- wake up, clean house, throw away this corruption.

Is it better to make 200 million people suffer through skyrocketing inflation, leading to massive unemployment, and total financial devastation, than it is to let a few hundred super rich financial executives pay the price of making bad investments?

"Is it better to make 200 million people suffer through skyrocketing inflation, leading to massive unemployment, and total financial devastation..."


YES. If that's what it takes to ground people to common sense... and vote out the fools who've extended their kingships at the stranglehold of those beneath them.

IT IS TIME WE TOOK AMERICA BACK PEOPLE. OUR LEADERSHIP IS CORRUPT FROM GREED FROM THE PRESIDENTIAL LEVEL ALL THE WAY DOWN TO THE POLICE OFFICERS. WE ARE LOSING OUR CONSTITUTIONAL RIGHTS EVERYDAY AND OUR EVERY DAY RIGHTS FROM NEW LAWS AND NOT FIGHTING BACK ON IMMORAL OR BAD DEEDS FROM OUR ELECTED OFFICAILS. IT IS TIME FOR THE TALK TO END AND ACTION TO BEGIN AND WHEN WE DO IT WILL ALL BE BETTER. THIS HAS GOT TO STOP NOW FOR ALL OF OUR SAKE AND OUR CHILDRENS AND THEIR CHILDREN AS WELL.

TO COMMENT : COBLEREMODELS@AOL.COM

Rates to 0? No...I don't see that happening. I really do believe that if we want to get out of this, we need the U.S. consumer to step up once again. Yes, the current state of the U.S. financial system is in question. But we are not going to solve problems created under the oversight of over-ambitious, and extremely wealthy, CEO's by toying with interest rates. Restoring consumer confidence is key. Temporarily enabling credit to those with average credit is key. And keeping rates above 1-2% is necessary just to get the former off of life support.

Jim, Jim, Jim...... your visits to Universities are timely and helpful... now, after reading and listening to you a litte.. it is clear. You need to go back to school. Your hype and snake oil comments are a through back to the early 1800's. You really no nothing.

Alot of people on this board think that the common people would suffer from massive inflation if rates were brought down big time just to save the greedy speculative ultra rich wall street bankers. While that may be true, the alternative is far worse. If we dont bring rates down, we will have a deep recession and maybe a depression. Why? the paper that these loans represent are not marketable. No one wants them. Most of these notes are getting paid on, but when the millions of borrowers get a rate reset notice, (which will happen per their mortgage contract, irrespective of what the fed does) there will be a massive wave of foreclosures that will sink this economy like the titanic....Its a choice folks...do we want massive inflation or a deep deep recession, maybe depression. The bottom line is that America has been chasing bubbles for 2 many damn years. We should have taken our medicine when the stock bubble burst in 2000. The only reason we didnt take our medicine then was all the sheep ran into another bubble-the real estate market. Eventually, there wont be any more bubbles to chase. Although I do feel that there is a massive bubble in the Hang seng market now, and that is substantially why the US dollar is collapsing and the price of oil is climbing, as the world gets out of our currency and into chinese currency to chase the chinese stock bubble.-already up 300 percent over the last 5 yrs. when that collpases, our dollar will rebound big time and the price of oil will come down hard...

I want to see Cramer's blog for today!!!!!!!