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Cramer on The 'Frightful' Korea Situation

 

How quickly we forget our own financial problems. This morning some irresponsible "senior administration official" was quoted in the New York Times as saying that the size of the Korean bank bail-out could be "frightening."

Now I am shaking.

Doesn't anybody else remember what it was like in this country seven years ago? Citicorp was going down everyday at a pace that made it look like bankruptcy was in the cards. People were telling me I was nuts to keep so much money in my Chemical checking account. The Bank of New England vanished literally overnight. Every bank I used in Brooklyn closed its doors. ...

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