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The Pelosi Factor - Cramer's Mad Money (8/25/08)

Hmmmm.

I thought Jim's bottom call on July 15th had "no reservations". Now, it seems that only the Fed and Treasury can save the market. Let me see--- Fan and Fred have somewhere in the range of 5 trillion on their balance sheets. The Fed/Treasury step in. Now that 5 trillion is onthe taxpayers' balance sheet. How did all that action help the homeowner pay his mortgage, insurance and property taxes.

Also, please explain how the Fan-Fred problem weighs on the "4 horsemen". Or is it now the "2 housemen"?

Jim, we don't need lower interest rates. We need higher incomes and/or lower house prices. Which do you think we'll see first?
Aug 26 12:24 pm |Rating: 0 0 |Link to Comment |View article

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The Pelosi Factor - Cramer's Mad Money (8/25/08)

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