Cramer Finds Good in Geithner Plan

Tuesday, 10 Feb 2009 | 9:17 PM ET

I told you so.

Cramer Grades Geithner
Despite what everyone else is saying, Cramer says he heard some constructive ideas from Treasury Secretary Timothy Geithner today.

That was Cramer’s message to viewers on Tuesday. He knew Treasury Secretary Timothy Geithner wouldn’t deliver on a financial-rescue plan. And what happened? Geithner gave his much-anticipated speech, and then the Dow lost 382 points.

But hey, in the very least Geithner gave investors a chance to by Cramer’s favorite China-related plays and recession-resistant stocks at a discount. And the accidentally high yielders, too.

Rather than jump on the anti-Geithner bandwagon, though, Cramer instead decided to find the good points in today’s statement, if only to show the potential they have should they be developed more. From private-sector financing to the “stress test” idea, Cramer picked the plan apart to show what Geithner got right, and how to make it better.

Watch the video for Cramer’s full review.

Questions for Cramer? madmoney@cnbc.com

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

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.