Monday, March 2, 2009

Is it as bad as all this?


"The idea of letting AIG (AIG) go, or Citi go -- I mean, come on. Does anyone know what happens if we do that? We will simply shut down as an economy. There will be lockdowns and lockouts and mass closings and mass unemployment and no credit for cars or for schools or for homes. There will simply be an economy run by the state. That's what it is. That's all. Nothing else. Is that what we want? It is hurtling toward what we are going to get." -- Jim Cramer, The Street, March 2, 2009

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