The ghost of Lehman Brothers will forever haunt Tiny Tim Geithner, Cramer said Thursday. The Treasury secretary’s decision to let that investment bank fail will be a black mark on his credibility. In fact, it’s the whole reason he can’t garner popular support for his latest rescue plan.
Geithner’s always claimed he didn’t have the legal authority to save Lehman, but Cramer’s sources tell a different story. And the implications could affect Citigroup, Bank of America and all rest of the banks. Will Geithner ever admit his mistake, or will these institutions go under as well? Watch the video to find out.
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