GO
Loading...

‘This’ makes Cramer want to scream!

Monday, 16 Sep 2013 | 6:51 PM ET
No Huddle Offense: 5 years since Lehman
Monday, 16 Sep 2013 | 6:58 PM ET
Mad Money host Jim Cramer shares his final thoughts of the day.

(Click for video linked to a searchable transcript of this Mad Money segment)

If Cramer hears this from one more person, "I will be tempted to rip their lungs out," he said.

The Mad Money host is sick and tired of people saying that nothing's changed since Lehman collapsed.

He finds that style of commentary to be uniformed. "The idea that nothing's been done to improve the situation is something I find outrageous," said Cramer with disdain.

Instead of lamenting the sad state of affairs, Cramer thinks it's much more appropriate to note the major changes that have been implemented since the pivotal event.

Dimitri Otis | Photographer's Choice | Getty Images

"First, our banks have been forced to raise a level of capital that's extraordinary," Cramer said. In other words, banks have significantly greater reserves with which they can endure unexpected challenges.

"Second, things are much less opaque then they were," Cramer added. Therefore the market can price bank stocks more accurately.

"Third, capital is still being raised," Cramer explained. "Plus, banks don't keep many mortgages on the books at all. They sell them to Fannie Mae. So bad mortgage loans won't come back to haunt them." In other words, the genesis of the financial crisis – bad home loans – shouldn't pose broad threats to the system going forward.

----------------------------------------------------------------
Read More from Mad Money with Jim Cramer
What just amazed, awed & astounded Cramer?
Cramer's stock with serious upside potential
Forget iPod, Apple desperately needs uPod!
----------------------------------------------------------------

All told, the Mad Money host believes these changes are significant – and they allow investors to buy and sell related stocks with a large degree of clarity.

"I think that Tim Geithner and Ben Bernanke performed magnificently," Cramer said referring to the oversight implemented in the five years since Lehman went under. "As far as I can tell, the banks are better for it and stronger too."

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

  Price   Change %Change
SPDR FIN SEL
---

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.