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 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.”