Jim: I think you should add an "I Screwed Up" button to your soundboard. Both Obama and Geithner used the term within a few days of each other - Obama in regards to Daschle and Geithner in regards to his taxes. I think the term best fits Obama for having Geithner make an hour long speech about the banking bailout plan without giving or possibly even having any concrete details. --Jeff
Cramer says: “…I appreciate that you want me to carp about these guys. I just want to have solutions and be constructive. And my plan is better than what they have.”
Jim: I know what you think about a lot of the U.S. banks, but there seems to be some great buys north of the border with Bank of Montreal at around a 10% return, and Royal Bank of Canada at around 7.5%. I am wondering what you think of those (or any of the five Canadian big ones) for the banking portion of my portfolio? --Troy
Cramer says: “Forget it, Jake…I don’t want any bank stocks. If you want to own a financial, you can own Visa, you can own Mastercard, or you can own Goldman Sachs. We’re not going to recommend banks here. It’s just too darn hard.”
Cramer's charitable trust owns Goldman Sachs.
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