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More About The Bailout From Jim Cramer

By Justin Gardner | Related entries in Economy

Note what Cramer says when Pat Buchanan asks why the free market isn’t buying up these mortgages. The fact is there are some first-tier institutions doing it, but none of the second tier. This is why the government needs to step in.

Also note how the executive pay provision may actually hurt the bailout because companies won’t enter the plan and take a massive pay cut…as I’ve been warning.

Ultimately, I think this could turn out decently for the taxpayers if the government is smart about the buying and selling of these securities.

Fingers crossed.


This entry was posted on Monday, September 29th, 2008 and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “More About The Bailout From Jim Cramer”

  1. Togakangaroo Says:
    September 29th, 2008 at 10:11 am

    I don’t get it, wouldn’t a socialist be FOR transparency and regulation?

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