Cramer: "The President Changed Everything Today"


Jim Cramer just said on CNBC's "Stop Trading" that President George Bush has changed his views on Fannie Mae and Freddie Mac. Cramer said that neither company needs capital, and that the stocks of both companies should be "done" going down.
"He took the New York Times position off the table," Cramer said.
Cramer pointed out that Bush's remarks yesterday called for "legislation" on Fannie and Freddie, which he says indicated the companies would be privatized. Today the president seemed to take a different tone with regard to Fannie and Freddie.


The Eurozone Is Ruining Everything

Here's the latest impressively awful bit of data to emerge from the economic wasteland at the heart of the world's economic slag-heap, Europe: Employment in the eurozone has dropped to a seven-year low.