Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

MAD MONEY FEATURES

Podcasts PODCASTS
Watch the Lightning Round whenever and wherever you want.




Full ShowFull ShowFULL SHOWS
Missed an episode of Mad Money?  Watch the lastest show here.




Widget OFFICIAL MAD MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




Soundboard CRAMER'S SOUNDBOARD
Admit it: You’ve always wanted to hit the “They know nothing!” button. Here’s your chance.




Mad Money PhotosCRAMER QUICK PICS
Check out the Mad Money host on set, back to school, behind the scenes and more.




Mad Money VideosVIDEOS
Get all your favorite Cramer clips right here.





ShopSHOP FOR MAD MERCHANDISE
Buy Cramer books, bobbleheads and other Mad Money merchandise.




Ringtones RING TONES
Pick up the phone! It’s Cramer! New Mad Money sounds for your cell phone.




Mobile AlertTEXT MESSAGE ALERT
Mad Money’s mobile. Get show highlights sent to your phone.




Text Size
Sep.16
7:05 PM ET
Tuesday, 16 Sep 2008
Mad Mail: Time to Buy Homebuilders?

Greetings Professor Cramer: During your famous rant a year or so ago, you implored the Fed to open their window. They did not, and that in part led to the failure of Bear Stearns. After Bear's collapse, the Fed did open the window to the brokers and dealers. If opening the window was such a panacea then why did access to the "darn Fed window" as you ranted, not save Lehman? Did Lehman [LEH  Loading...      ()   ] just not take advantage of the opportunity that the Fed provided them? Please enlighten us professor! --Blaine in Georgia

Cramer says: “I believe they didn’t. I think that they really felt they were in much better shape. A lot of stories are going to come out about how they were holding out for a higher price, they didn’t want to panic anybody. They were totally delusional…quite embarrassing. And they should have used the window.”

          ___

Jim: I am outraged that John Thain and Thomas Montag from Merrill [MER  Loading...      ()   ] may receive exorbitant payouts totaling over $47 million if they are forced to leave or given lesser roles at Bank of America [BAC  Loading...      ()   ]. This impacts my shares in BAC, and they should not be allowed to run a company into the ground and then get compensation for it. How can we fight back? I am only a small shareholder, but hearing this just boils my blood. Can you please address this on your show? A big booyah from Westport, Conn. Love the show. --Donna

Cramer says: “I’m conflicted on this myself…” Some say Thain saved Merrill from a Lehman Brothers-type failure, and that’s a good thing. “Do I find that kind of payout obscene? Yeah, I find it embarrassing…how could you pay yourself that much? But it’s a formula. Bank of America agreed to it, I guess, and it’s quite embarrassing. And I think that these rich people ought to start recognizing that America’s is getting sick of this.”

          ___

Cramer: Long-time viewer of the program, and I just wanted to know your thoughts on the homebuilder sector i.e., Toll Brothers [TOL  Loading...      ()   ]. Are we at a point were we should be looking to purchase, or should we be holding off? --Mark from Virginia

Cramer says: Normally Cramer doesn’t recommend options on the show, but he has been positive on HGX (the housing index) calls. He thinks the index has bottomed, and good quarters from both Standard Pacific [SPF  Loading...      ()   ] and Toll Brothers mean his prediction for a housing recovery in the third quarter of 2009 looks to still be on track.





Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 12:56:54 25 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 10:38:03 25 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 10:38:03 25 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 10:38:03 25 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters