What Ever Happened to Moral Hazard?
Cramer can’t believe Treasury Secretary Henry Paulson says he had no legal authority to save Lehman Brothers, nor was there a buyer for the ailing investment bank. Especially when you consider Washington leapt to AIG’s rescue just a couple of days later. Lehman’s collapse was near catastrophic for the markets, so someone has to be held accountable.
This whole debacle is the subject of Cramer’s latest outrage. Check out the video for the full rant.
Join Cramer live in the studio for Mad Money: The State of Cramerica, a special town hall-style show on Wednesday, Jan. 21. Get your free tickets here!
Questions for Cramer? email@example.com
Questions, comments, suggestions for the Mad Money website? firstname.lastname@example.org