Cramer's 'Mad Money Lightning Round': In TrustCo I Trust

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Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Tuesday evening:

BellSouth: "No thank you. I'd rather own a Series E savings bond."

Genesis Microchip: "That's part of the Cramer tech rally. ... Take my word for it and buy Genesis Micro." Cramer said if you opened up the guts of a big flat-screen TV, you'd see a lot of Genesis product inside.

Diamond Offshore: "One of the best drillers. ... I'll do a 'mon back* down a dollar."

BHP Billiton: "That stock reported just a dyn-o-mite quarter. ... I would do a 'mon back if I didn't already own it (for the ActionAlertsPLUS charitable trust). That, along with Rio Tinto, no doubt the supermarkets to the world of minerals!"

TrustCo Bank: "Too cheap to be believed. No doubt a hostage to the higher-rate environment. ... Ben Bernanke will not be so imprudent and that's why TRST is ... for ... me!"

Lightning Round

Cramer was bullish on American Express(AXP), Genesis Microchip(GNSS), Diamond Offshore(DO), BHP Billiton(BHP), Rio Tinto(RTP), TrustCo Bank(TRST), Accredited Home Lenders(LEND), NeoPharm(NEOL), Amgen(AMGN), EOG Resources(EOG), Mine Safety Appliances(MSA) and Palm(PALM).

Cramer was bearish on International Game Technology(IGT), AES(AES), BellSouth(BLS), SulphCo(SUF), Audible(ADBL), Umpqua Holdings(UMPQ), iRobot(IRBT), Pain Therapeutics(PTIE) and Lear(LEA).

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

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