AIG and C Get Another Shot at Glory

Memo to American International Group (AIG - commentary - Cramer's Take) and Citigroup (C - commentary - Cramer's Take): You are getting your chance again. You are getting your chance to do big equity offerings because Merrill Lynch's (MER - commentary - Cramer's Take) secondary at $22 now looks like the best trade of the year.

I believe that if AIG and Citigroup could at all quantify their losses, or even take charges and then issue equity against them (even in the hole), you would see major buying in the banks -- and those deals would work, too.

I continue to believe that the banks bottomed along with the dollar and the end of the commodities on July 15, but we need Lehman Brothers (LEH - commentary - Cramer's Take), AIG and Citigroup cleared up so that there is room for Fannie Mae (FNM - commentary - Cramer's Take)/Freddie Mac (FRE - commentary - Cramer's Take)/Washington Mutual (WM - commentary - Cramer's Take) to be fixed or nationalized, and we need a resolution for Wachovia Bank (WB - commentary - Cramer's Take).

The strength in these stocks is so loud and so evident that I can't believe nobody sees them, but we only need Vikram Pandit and Robert Willumstad to notice.

Come on guys! Join Dick Fuld. Get energized! (CNBC is saying that HSBC (HBC - commentary - Cramer's Take) might be interested in Lehman. What I said today in my video stands: The company has options. That's what matters.)

Get the equity deals done, the charges taken.

Give us a Merrill Lynch!

Random musings: Don't look now, but this is a fabulous close that tells me the liquidations are running their course. The only real bad news today was from Corning (GLW - commentary - Cramer's Take). Everything else is pretty much neither here nor there. I always like markets to be led by the financials, and that's what we have.

At the time of publication, Cramer had no positions in the stocks mentioned.

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