Plenty has gone wrong for Ben Bernanke lately, but give the man credit. He does not stop. When all of Washington wigged out about AIG bonuses and tried to figure out the politically expedient way to parley the hand into the next election, Ben went all in and kept trying to save the system.
FDIC Chairman Sheila Bair told Congress a new system of supervision that prevents institutions from taking on excessive risk and becoming so large their failure would threaten the financial system is needed.
The Obama administration's plan to purchase toxic assets from the banks in a public/private partnership could be made public as soon as this week, according to senior administration officials.
Take drastically oversold conditions, throw in a few bullish headlines, and you have a broad market rally.
Plus, Cramer talks Petsmart, the FDIC’s policy on small banks and why the U.S. shouldn’t replicate the U.K.’s mortgage-rescue model.
The move will generate much-needed capital for the company, Cramer says.
The special Town Hall event isn't over. Click through for the questions and answers you didn’t see on T.V.
Also, how we need to acknowledge the mistakes of the past and make sure we don't repeat them in the future.
Could it be? And if so, will it continue? Cramer says there’s reason to think it might.
Find out more about one of the most important figures in today's economic environment.
Don't miss the chance to ask questions and get answers directly from FDIC Chairman Sheila Bair.