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Cramer on BloggingStocks: The SEC's waffling will be deadly

 Aug 20, 2008 09:15 AM UTC
Return Risk
-20.88% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
LEH n/a
MER n/a
FNM n/a
GIS n/a
MBI n/a
AIG n/a

Graphic_arrow1 Via BloggingStocks:  

Filed under: Market matters, Merrill Lynch (MER), Federal Natl Mtge (FNM), General Mills (GIS), Amer Intl Group (AIG), Lehman Br Holdings (LEH), Cramer on BloggingStocks, MBIA Inc (MBI)

TheStreet.com's Jim Cramer says this administration's hallmark is coming too late to the party.

A headline came over the wires yesterday, and it caused me to throw my hands up in shock: The SEC is debating new short-selling rules for the market.

I said to myself, "They have to be kidding."

How can they be so obtuse?

How can they not get what is going on?

When the market bottomed on July 15, three things occurred:

the Congress got religion on the housing bill, and the president went along;

gasoline and oil peaked; and

the SEC finally decided to crack down on the reckless bear raids that were making it impossible for our financials to refinance.

The financials then...




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