Cramer: 'Bad Bank' Won't Cure Everything

I sure hope that Bad Bank is big, because we need to put adhesives and fiber from 3M (MMM Quote) into it. We need to be able to dump tools in it from Black & Decker (BDK Quote) and Illinois Tool Works (ITW Quote). We need to stuff some cabinets and sinks into it from Fortune Brands (FO Quote). Or how about some ships from DryShips (DRYS Quote)? Maybe some intellectual patents for cell phones from Qualcomm (QCOM Quote)? Don't we need some bulk carriers in the darned thing anyway?

Yep, looks like in our euphoria about a bad bank to save everyone from Fifth Third (FITB Quote) to the Hartford (HIG Quote), we have to focus on the fact that there is no business being done in the country, maybe even in the world!

Or at least not enough of it to make the estimates, unless you are in the tobacco or toothpaste business -- thanks, Altria (MO Quote) and Colgate (CL Quote)!

This is a tough time. Every time we get excited about anything, it is taken away in a heartbeat. We love the bad bank, and then we get Allstate (ALL Quote) and Meredith Whitney saying everything's a big joke. We take up the S&P, but the S&P includes 3M and ITW. We want to say the market has bottomed, but the business of the world is nowhere near bottoming.