Cramer: Let's See How Geithner Does
This column by Jim Cramer originally was published on RealMoney. It's being republished here as a bonus to readers of TheStreet.com. For a free trial to RealMoney, click here.
The market likes resolution. The market likes a short-squeeze. The market needs a rebound, and if it couldn't rebound today, it could never rebound.
People have already filled my email box with why am I not condemning Geithner all over again. Here is my answer: He got the job. I am magnanimous in total and utter defeat. I will now see how much of what he did was because he served under a president and a
Fed
chairman who didn't have what it takes and worked with a Treasury secretary who turned out to be a disaster.
I wanted Larry Summers, but he is too hot, meaning too politically incorrect. I have read everything Summers has written since this crisis began, and it was prescient and constructive and smart as a whip. He was
not a part of this morass
.
But I want to have hope, like everyone else. I want to believe that Geithner will be smart and not handicapped by ideology and ignorance.
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Give Geithner/peace a chance.
Jim Cramer is co-founder and chairman 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
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