Cramer on BloggingStocks: Note to Fed: Start bailing

The govt. needs to stay out of it and let the mkts run.Even though this will result in several bank failures. What is going to put a long term hurt on the country is INFLATION !

Former employees of The Bank Busters (FDIC) are being called to active duty! Citi, UBS, WM no ones safe$$$ The fed is to little, to late!!! Isn't it funny how history has a way of repeating itself!!!

This is GREAT!!! I got out of the market in September 2007 in anticipation this would be a debacle. I went short C, LEH and MER (tried BSC but couldn't get any; that was a bad sign). Now, they are ALL going to fail. I'm taking my profits to Brazil.

HAHAHAHHAHAHAHAHAHAHA

You gotta love it when the "financial experts" get their keisters handed to them.

You have to love how conservatives shout "free market"...until greed creates huge problems, the Wall Street Boys and rich are likely to take BIG hits.

Then they dismiss "free market" talk as just a moral hazard...

Every good Ponzi scheme must come to an end. Banks can't go on forever doling out money to non-paying debtors and claiming there'll be high returns on that investment. Rather than bail out the banks and continue with business as usual, let 'em fail. At least there'll be a bit more government money to pay the unemployment claims down the road.

The Fed is doing exactly what they should be doing. We just went green, the markets like it. nice hold of the Dow 11,700 level (former breakout if everyone correctly). Don't listen to any "commentators", listen to the charts

Tim
http://www.timothysykes.com

Social Security will start investing in stocks and bonds to maximize returns for future retirees.. Wall Street couldnt seem to do its job at all.. I am all for it.... I had been there and done that..

If Wall Street ignores a good stock, then Social Security will drive up a truck and load it up before Wall Street knows what happens.. This is exactly what is needed..

There had always been a tunnel between Wall Street and Washington DC Beltway since day one.. So make use of it for Social Security...!!

Jim -- I love ya, but you left one big item out of your bail-out proposal. If taxpayers ultimately are going to be put on the hook for the incompetence of these banks and brokerages, then (a) they deserve equity stakes in the companies and (b) the top 3 layers of managements get their rear ends fired with no severance, no golden parachutes, no nothing. And I don't care what their contracts say -- events have now nullifed them. If they want, they can sue. BTW, Allan Sloan also favors giving taxpayers equity in exchange for their help, regardless of the hit current shareholders take. Next time, the latter might try doing some due diligence.

Jim Cramer should be our Fed Chief and our Secretary of Treasury. Instead of the Keystone Cop Act of Bush, Bernanke, and Paulson. Right on Cramer!!!

Anyone who thinks inflation is the primary concern of the Fed right now is living in 1930 not 2008. The myopic business community and their toadies in the economics profession failed to see the depression of the 30s just as they are failing to see the Bush Crash a Comin today.

We need to stop patting Dr. Ben on the head and get this guy to get real. He's a good example of how a Harvard and MIT education can be totally worthless. He and the National Midget Mind in the oval office he works for, and the pitiful Paulson, like Captain Smith of the "Titanic" are going full steam ahead right over the iceberg.
The only difference being, this ship--our economy--is in meltdown mode not sinking. If need be, Bush should seize all bank assets, open wide the spigot to the national oil reserve, sell gold bullion, and end the war in Iraq immediately. If he has to veto every spending bill coming out of Congress. Bringing home our troops by June 1.
Bush must dramatize the seriousness of the peril we are facing and act decisively, and with alacrity.

it may be an old saying but it certainly does apply to this day -- when you borrow $1,000 from a bank, the bank owns you. But when you borrow $10,000,000 from the same bank, you own the bank.
The stock market own the Fed and it allowed it to happen, thanks to that moronic fed chairman, Alan Greenspan, who fed the specutive fever way back.. remember rates at 40 year lows??

"I don't think they have the courage, the knowledge, or the conviction to do what they have to do." So Jim Cramer's saying the market is about to crash, right? That's the logical consequence of this statement.

WANTS SAFETY, check out HSTRX hussman strategic total return fund, half based in gold and bonds.

A high number dow x a dollar worth zero=zero.
devaluation of the dollar makes the average consumer quit spending. Billions of worthless dollars on a balance sheet mean nothing. Make the banks pay more for dollars, make the consumer's dollar more useful. Just because a wheelbarrow of money will be needed to buy a loaf of bread does not mean the grocer is getting rich.

Just imagine we'd let these guys have our "privatized" social security. Well, we might as well have doneso, since $700/month wont be able to gas our cars anyway...

I lost 15% of my equities but my equities were only about 20% of my entire portfolio so thoughI am not down and out of the game completely. I was diversified enough but I still should have gotten out of the market sooner. Everyone is in denial and quite frankly our entire economy is in deep trouble and will be in deep trouble for some time to come. I am sitting on the side lines for now until the red light changes to green again. Good luck everyone-- our children will have to deal with our leaders greed and misguidance. Does not matter who takes office in the fall, we are in deep sh-t and it will take a long time to make everything right again.

Sorry Bernake,
I think the fed created this mess by ratcheting up interest rates so quickly! Those varialbe rates rose faster than most could react. Low interest rates gave people an opportunity to buy a little more home for their money. It's unfortunate that they may not have understood how much impact fast rising interest rates would change house payments.
I would bet that there would have been a lot less home foreclosures, had the rate of increases kept to .25 to .5 % a year. The low fed rate isn't as much help for the average joe on the street, as it is for the greedy bastards on wall street. High risk loans (may have high margins when all is well), but look out when things go south, especially if you don't see it coming.

Sorry Jim but you are way off base.
Japan went through the same thing starting back in the mid 1980's and they cut their interest rate to near zero percent. It did not help them and they do not have 9 trillion in Nation Debt.
As interest rates are cut...inflation increases which puts more Americans into default because of higher costs.
As interest rates are cut...the incomes of those with money in CD's and Treasury notes goes down and that helps to shrink our economy and spending.
As interest rate go down..foreigners no longer want to lend us their money or invest here because of the falling value of the US dollar.

Is Cramer really that smart to be commenting the way he is or he have help from someone that think they are that smart? Not criticizing, just questioning.