AIG -- What the Hay?

I don't have cable, so don't see this guy, Jim Cramer, too often. [Thank goodness.] But I think I have a video of him somewhere here making equally emphatic statements about something that turned out not to be true.

It's interesting to watch this, none-the-less. If a lot of people think like he does, we're in for a ride if AIG fails.



Update: According to Paul Krugman,

"So the markets think that the toughness in tough love is pretty much over — big rally today on expectations that the Fed, which didn’t bail out Lehman, will bail out AIG."

We'll see.