Cramer; Note to Fed: Start bailing

Monday, March 17, 2008



"We are now at the level where the president has to get involved. We are now at the point where we have to worry about the barter system. We have to start being concerned about whether trades clear in the system.

It's a crime that all of this could have been avoided. But it wasn't.

And now they have to accept that some very big banks are going to go bankrupt. If they don't get ahead of it, the banks that go under will be the biggest ones in the country.

That needs to be prevented.

I don't think they understand that.

I don't think they have the courage, the knowledge, or the conviction to do what they have to do."

Posted by Pithaly at 11:14 PM  

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