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Cramer on BloggingStocks: Worse after Lehman? Are you kidding me?
Sep 14, 2009 03:00 PM UTC

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Filed under: Market matters, Citigroup Inc. (C), Regions Financial (RF), Bank of America (BAC), Federal Natl Mtge (FNM), Goldman Sachs Group (GS), Morgan Stanley (MS), Amer Intl Group (AIG), Wells Fargo (WFC), Cramer on BloggingStocks, Financial Crisis

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TheStreet.com's Jim Cramer says everyone in the trenches knows we're better off now -- only the academics disagree.

Am I nuts, or am I missing something? One year after the financial system was brought to its knees, we are back in the mid-9000s and we have taken off the table massive bank risk and are well on our way to recovery.

I keep listening to people like Nobel Prize winner Joseph Stiglitz say the banking system is worse off now and I say to myself, "That's just stupid and wrong and anti-empirical and actually just silly." Anyone who knows what's really going on has to feel this way. And where was Stiglitz when some of us were running around trying to save things?

Continue reading Cramer on BloggingStocks: Worse after Lehman? Are you kidding me?

Cramer on BloggingStocks: Worse after Lehman? Are you kidding me? originally appeared on BloggingStocks on Mon, 14 Sep 2009 10:00:00 EST. Please see our terms for use of feeds.

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