Thursday, September 18, 2008

We're all communists now.

Cramer occasionally has decent insight -- when it's hindsight.




[Edit] -- oh sorry, one thing I don't agree with here is that FDIC is "safe". FDIC is completely NOT safe. If WaMu folds, FDIC will be completely depleted by several times over. You won't be getting your money back unless the federal reserve prints more.

http://ap.google.com/article/ALeqM5i-pLQW20k50DG8EF0T3RFrFdH96wD9384DM00

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