GO
Loading...

Cramer: Jerry Yang Is On My Wall of Shame

Monday, 7 Jul 2008 | 4:49 PM ET

Cramer declared Carl Icahn as the winner against management in the Yahoo saga, and sees the Lehman report on Fannie Mae and Freddie Mac writedowns as a “Plea for Forbearance” during Monday’s Stop Trading!.

Reacting to reports that Yahoo has stopped talking to News Corp., and would be open to a search deal with Microsoft , Cramer believes that Yahoo management has its hands full and Carl Icahn wins here. But, in the interim what does he really win? Cramer doesn’t see them getting a huge price on Yahoo shares anymore.

Jim had strong words for Jerry Yang and doubts he can get Yahoo to the 34 level on its own volition. “Jerry Yang is on my Wall of Shame, I think he is just shameless.” Cramer said.

When discussing the Lehman report on Fannie Mae and Freddie Mac writedowns, Cramer pleaded, “We need the government to stop looking. We need everybody to say, okay, we’ll get through this period. Let’s not ask for big capital requirements, because otherwise we’re going to have a big bailout.”

Bottom Line: Cramer has been saying sell on Fannie and Freddie for 50 points and wants to reiterate his sell call on both.

Questions for Cramer? madmoney@cnbc.com

Stop Trading, Listen to Cramer!
Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett.

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



  Price   Change %Change
FNMA
---
FMCC
---
YHOO
---

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.