Cramer on BloggingStocks: Citigroup's rescue makes things better

Citi outsource their jobs to India, I am sure the people that would have been laid off would have been the ones in USA, if they are going to resuce them with that much money, they should demand that they only have workers here in the USA

Shut Cramer....you don't know squat!! Remember you're the guy that called a bottom in the market about 5 months ago. Not only that you still recommended stocks as they spiraled all the way down. The monkey deserves to be on the air more than you.

Cramer has it WRONG this time. His claim that: "But the situation is too big to worry about punishment . . . ." is simply WRONG!!!

There will be NO significant re-investment in the market as long as people perceive that: 1) The guility individuals will not be punished or removed; 2) The "guilty parties" (CEOs, CFOs, etc.) are still allowed to collect their unwarranted exorbitant salaries and compensations; 3. There is NO INTEGRITY in the market; 4) There is no FULL DISCLOSURE of the corporate financial reports or how the bail out monies have been used; No reasonable and prudent "common sense" regulations have been implemented.

Jim needs to understand that the hundreds of millions of "average American investors are NOT going to put themselves into a position of being further DUPED in all of this.

A bird in the hand is worth a lot of birds in the bush . . . and cash money in hand is a lot more secure than investing in unstable markets. The RoI is too small, and the risks are simply too great . . . the American people are NOT going to invest in the markets under the prevailing conditions. Citi should be forced into either Chapeter 11 or Chapeter 7 bankruptcy . . . it's time for "capitalism" to prevail.

The next step is for many people to start withdrawing their cash from the banks and cashing in their investments . . . the projections of even more dire problems in the near future is simply too great. I've already lost $20K, and that is sure to escalate . . . the questions of the even more severe impact of the future is siimply too risky, esp. if the CRIMINALS are allowed to go unpunished, and are allowed to continue running the corporations.

I wish I had a Citi credit card. I'd run up 15, 20 thousand on it, start crying poverty and then settle with the government for 25 cents on the dollar.

Citi's situation is merely an indicator and reflection of the FRAUD that is pervasive in the FIs and makrets. Your statement that: "had no idea how much exposure they had. It was far more than you saw in the notes for certain." . . . that merely serves notice on the American people that in spite of all of the efforts to date, there is STILL a LARGE AMOUNT OF FRAUDULENT LOSSES that are in the market place.

The ONLY practical and equitible resolution of these matters is for ALL of the FIs and corporations to have their destinies determined by the capitalistic "adjustments" in the markets. Yeah, it is going to be horrific; but so is this alternative "bailouts" going to devastate the lower and middle classes. The guilty parties who orchestrated these FRAUDS must be punished and banished from ever holding positions of authority and responsibility in our economy . . . they deserve whatever befalls them for their CRIMES.

Your statement that "the problems are too big to be concerned with "punishment of the guilty" merely says, to me, that there will not be any integrity restored to the markets and the corporations . . . and I'm certainly not going to invest in this crap and be defrauded even more . . . and I think that it will be a long time before MOST Americans will be willing to do that either.

The "white wash" cover up to all of this economic and political FRAUDS extends back to prior to the Silverado Savings and Loan scandals . . . and we, the American people can no long toelrate this type of crap where the blatantly guilty are allowed to go unpunished and to remain in the corporations, collecting exorbitant salaries and other compensaations.

In the past, I've agreed with and appreciated a lot of your opinions and advice; but this is one point that I totally disagree with you, with no reservations about any of it. The GUILTY have to be held FULLY ACCOUNTABLE, PERSONALLY, for what they have done or we have the personification of political corruption.

The psychology of all of this to the individual American is that they have individually felt the impact of these FRAUDS in their investments or in the costs of living in the costs of groceries, gasoline, etc., etc., etc. These CRIMES of FRAUD are now "personal" to EVERY CITIZEN.

People's sense of justice DEMANDS that the guilty parties who DUPED and DEFRAUDED them be punished commensurate with the CRIMES . . . and people are NOT going to be satisfied until the guilty are SEVERELY PUNISHED. This has become TOTALLY PERSONAL to each individual American . . . there will be NO "faith and confidence" in the markets or the corporations until the guilty are indicted and set to be tried for their crimes.

Cramer, you and the other "professionals" in the financial markets are grossly misjudging the American people's resolve for "justice" in regard to all of this. If you continue to misjudge this, then your opinions and advice will become meaningless rhetoric . . . The longer this debacle continues, the more "blood" the American people will demand. If there is no "justice", then there will be no faith and confidence" in either the markets or the corporations. It has become too personal for the individual American.

Jim, your statement that "But the situation is too big to worry about punishment." is the FATAL FLAW" in all of this.

There cannot be, and there will not be any "faith and cnfidence" in the market unitl the GUILTY PARTIES are indicted . . . and God help the politicians who try to white wash and coverup, or to mete out token punishments . . . that simply is going to cause the people to scream for the heads of such politicians.

Jim, you are TOTALLY WRONG in regard to this. People feel the same as though their homes have been violated by these theives . . . it has become TERRIBLY PERSONAL.

Anyone game to organize a "revolution" to demand justice for the guilty investors? I am -via email this could organize easily....!! Contact me at rob48realestate@aol.com and put in subject matter: JUSTICE

While the health of the stock market depends on suggestions and propositions of interested groups or individuals, the stock market will remain the biggest legalized gambling ignominy

I suspect that Cramer's comment on not worrying about punishment was missing the "now" at the end...I think he as many of us thought the immediate thumb in the dike was needed before any blaming and finger pointing is to occur.

How much bottom fishing did you do on Citi Crammer? With all your inside information this will be another one of these deals where you folks from the big city take us gentiles to the cleaners again.

i agree with yall mt mortgage is with citi.We are 12 miles from Galveston tx. and ike put me and my wife out of work for a month.i called citi and tould them we were under a declaration of a disaster area and all the lady said was well if you can make up one month,we will spread the rest over the next 9 month with i mark on my credit of course for being late on my payments.to hell with citi..im 90%bear on them ..