Everybody, stop what you are doing: Jim Cramer is talking.
I spend an awful lot of time trying to figure out what makes sense to cover in terms of trying to help people — and what doesn’t make sense. I do it because one of the things that makes me valuable is the perspective I bring as a former hedge fund practitioner. I particularly like to highlight when something is irrelevant or confusing when you hear it.
But enough about me, kinda. Read more »
They say that’s the only way Dykstra* will learn that in our society, you can’t rip toilets and other bathroom fixtures out of the floors of foreclosed houses and sell them to a pawn shops, or bounce checks to hookers, or drop trou for the cleaning staff just because you feel like it. Read more »
“He didn’t win. He’s a loser. How? You lose when you go in front of Congress and you lose when you go out. Anyone that declares him a winner is wrong…He walked in a loser. Testified. Walked out a loser. And by the way, he agrees with me. He knows he’s a loser with no control and doesn’t even know what happened in his own bank…A loser. Crisis PR is psychiatry. You go in there as a guy who is stupid, you don’t come out being smarter. You don’t. You come out just as stupid…He’s a loser…This is not Michael Corleone with Frank Pentangeli in the back of the room. This is not Nevada gaming licenses…He’s a loser. It’s okay, man. He’s a loser. Maybe next year he’ll be a winner but he is a loser. Okay.” Read more »
As you may have heard, this Saturday night, Lenny Dykstra will box former co-worker Jose Canseco, in a title fight** that will be live-streamed for your viewing pleasure. Canseco was originally scheduled to go head to head with the husband of a Real Housewives cast member but “graciously” agreed to bow out after Nails “called and begged to take his place against Canseco” who, according to LD, “ruined my career by spreading lies.” All of which got us thinking– since Lenny a) is in serious need of some cash, b) not doing much these days, and c) probably looking to work out some of the aggression he feels toward people who’ve brought his life to the place it is today, perhaps he should consider fighting the other individuals who “ruined” things for him? Read more »
Cramer says their goals should include holding accountable those responsible for the housing crisis — “Let’s indict them. We all know that they committed, to me, they committed crimes.” — and the repayment of bonuses that were given out at banks that received TARP money. “It’s outrageous!” he said. “It is outrageous what they paid themselves. It is obscene! I mean, there are real reasons to be angry.” [Daily Intel]
The answer to BofA's problems?
Earlier today on CBNC, Jim Cramer pitched an idea that he thinks could end Bank of America’s problems: beg a billionaire to vouch for you. Just like Goldman Sachs got Warren Buffett and Citi has Prince Alwaleed bin Talal, Bank of America needs someone to get out there and say to the markets, “It’s okay, these guys are cool.” Personally, Cramer likes the idea of Carlos Slim, telling his colleagues “You know we forget he’s the world’s richest man…if the guy wants to make a statement that says America is the place to invest, hey, Bank of America…would that not be an interesting match?” Having said that, Slim may not be into the idea and backups should be considered. The following represents a very rough short list of people, whether they be billionaires or individuals who simply inspire confidence either through charm or fear with whom we think Brian Moynihan should consider taking a lunch. Read more »
“I got crucified because I said you can keep your money in Bear Stearns. I got crucified in this country!!! I learned my lesson, you can’t be as confident as you’d like. I never said you should buy Bear Stearns, I said you should keep your money there. In 36 hours Bear Stearns fell apart. It was fine to say it wasn’t going to fall apart and then it fell apart. My first call was that it was okay to keep your money there which turned out to be true.” Read more »
When Lenny Dykstra began a downward spiral several years ago, in which he went from having several million in the bank and buying Wayne Gretzky’s house to ripping bathroom fixtures out of the place and selling them at a pawn shop before meeting up with hookers to whom he bounced checks, a man named Jim Cramer took a lot of flack for a comment he’d made about LD in March 2008. Cramer told Bob Costas that of all the people Cramer knew (when he ran a hedge fund, before he got into TV), Dykstra ranked as “one of the greats” in the investing industry. Cramer seemed to stand alone in his comment– especially after Nails started shitting on the floor of his foreclosed house, prompting creditors to file a restraining order– which seemed to rival the one he’d made the same month about Bear Stearns being more than “fine.” Then today, buried in a retrospective on the life and times of Leonard K. Dykstra, who currently sits in a tiny jail cell, vindication. Read more »
Two huge wins for Jim Cramer-endorsed investor Lenny Dykstra today. Read more »