In other words, we are almost there. I think that because of the big deposit bases of Wachovia (WB - commentary - Cramer's Take) and Bank of America (BAC - commentary - Cramer's Take), we don't need to worry about them. And a black hole I didn't even think was a black hole after the 300 million shares issued and the Lone Star deal, Merrill Lynch (MER - commentary - Cramer's Take), is filled in to boot!
There will be others on the brink, no doubt. But you have to admit that, one, pretty good list, and two, pretty far along in being fixed, if not almost there!
Let's see now what the bears have to complain about other than we have now nationalized about 60% of the financial system. We are not all Keynesians now, we are all communists now!
At the time of publication, Cramer had no positions in stocks mentioned in this post.
P.S. Will you be there when Cramer makes his next move?
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Jim Cramer Blog A Few Nudges to Get Housing Going 9/16/2008 4:11 PM EDT A rate cut could have been the catalyst for mortgage lending.
Jim Cramer Blog Here Are the Winners 9/16/2008 3:13 PM EDT We can start looking for gems in the rubble.
Cramer Market Updates Cramer: Wachovia's on the Right Track 9/16/2008 2:19 PM EDT Jim Cramer likes what he sees from Bob Steele at Wachovia and would buy the stock.
Cramer Market Updates Cramer: Find Your Pain Threshold 9/16/2008 1:36 PM EDT Jim Cramer explains how investors should react to the volatility in today's market.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC.
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