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Tuesday, September 16, 2008
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.
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