You can tell the American political community is genuinely shaken by the sight of officials in both parties, from the Bush administration and the Democratic congress, standing side by side and promising to work together--fast.    Read More

Presidential candidates Barack Obama and John McCain react to the financial fallouts. And Discussing how this new Wall St. order is impacting Washington and the race to the White House, with CNBC's Bill Seidman.   Read More

Three headlines from the Democratic convention Wednesday: One is the search for unity. Tuesday night, Hillary Clinton pleased Team Obama by telling her supporters that helping Obama win in November is a matter of conscience. But there are more question marks tonight...   Read More

Melissa Lee has more on the unfolding Merrill Lynch story, with details on its offer to buy back $12B auction rate securities from over 30,000 of its clients, and the ramifications on other Wall Street firms.   Read More

Melissa Lee reports a breaking story linked to Citi's settlement and buyback of auction rate securities during tonight's "Fast Money." In an after-hours announcement, another Wall Street giant, Merrill Lynch, stated it too would buy back auction rate securities from its retail clients, who currently hold $12B of those questionable securities.   Read More

This is not a time to get stressed about losing money – but to refocus on who is still generating sustainable earnings.   Read More

America lost an important civil servant -- a hero of the masses -- when Bob Steele gave up his post of Treasury Undersecretary to take over the reins of the troubled Wachovia Bank spacer. Cramer worked with him at Goldman Sachs spacer and praises him simply a "brilliant man," not a compliment Cramer gives often -- with the exception of certain dead classical composers. Steele is a "visionary and a hard worker," someone who "gets" that the banking system is in dire straits.    Read More

Surprise! Cramer agrees with Bill Poole's predictions involving Freddie's and Sallie's insolvency, but thought it imprudent the way he spoke of it to the public, "pulling the carpet" out from under them and hindering their ability to recapitalize. Cramer's opinion: put Freddie + Sallie under the fold of federal governance -- end their existence as private equities and make them over them into government agencies.   Read More

Marks & Spencer's top dog Stuart Rose faced the wrath of investors at the company's AGM yesterday – but not necessarily for merging the roles of chairman and CEO or for profit warnings.   Read More

2008 may prove better than most political years for surviving charges of flip-flopping. And Barack Obama and John McCain have both set out to test their luck.   Read More