Washington officials Ben Bernanke and Tim Geithner try to spur bank lending with TALF. Financials still lead the way with Citigroup ( C). The big bank is trying to create joint ventures with third parties as a way to reduce its behemoth size without selling assets. Citi also announced that it will give recently unemployed home owners temporary relief on their mortgage payments.
Bank of America ( BAC) is next on the list with the stock swinging to the upside today after the government rolled out TALF. Investors hopeful that this long awaited $200 billion credit infusion will spur consumer and small business spending. General Electric ( GE) makes the list as the stock price continues to plummet even as insider buying ramps up. Next is AIG ( AIG). Ben Bernanke saying today that no other situation has made him more angry "than the one at AIG." Former CEO, Hank Greenberg, seems to agree now that he is suing the company arguing that it misled investors. Wells Fargo ( WFC) is on this list as investors worry it might be next on the chopping block following its disastrous peers, BofA and Citi. JPMorgan ( JPM) is next. This financial is a buy for Cramer in his Action Alerts Plus Portfolio. He believes a big rally will come and to buy the stock at $20. You can trade with Cramer every day, e-mail for a free trial now. Buffet Watch continues with Berkshire Hathaway ( BRKA). The company just reported its worst year ever and now announced that a handful of the 77 operating companies it controls reduced their workforce in 2008, the majority of losses came from manufacturing holdings.