Governo quer impedir que pais recusem trabalho ao fim de semana

[Ulisses Pereira]

"Switching Gears"

By Jim Cramer
RealMoney Columnist
11/24/2008 9:15 AM EST


"How about this as a posture: It is reasonable to be more bullish given the alacrity with which Obama named his team and the push for a stimulus package that actually creates jobs and isn't just giving an iPod in every pot. We can put a lot of people to work for $2 trillion. I didn't care for Tim Geithner because he has been at the heart of a lot of the problems and was the Wall Street regulator, but it is possible that that he didn't have a chance to be good given the team and the over-the-head nature of the Fed chairman, who, amazingly, gets good marks in the press.

But Larry Summers? Tough. Smart, saw it coming. If anyone knows what to do, he does.

Plus the Citigroup (C - commentary - Cramer's Take) plan doesn't cancel the preferred, doesn't wipe out the common -- although I don't want it -- and makes it so a lot of counterparty risk is avoided and a lot of the bad assets can be worked through without being tossed.

How about the Citigroup common? Let's not think about it. Too hard. Sometimes better to admit it's too hard. I don't want it.

Other banks? It's a plan that doesn't wipe out the common by taking control of it, like AIG (AIG - commentary - Cramer's Take), and doesn't kill the preferreds like Fannie (FNM - commentary - Cramer's Take) and Freddie (FRE - commentary - Cramer's Take) and doesn't wipe out the company like Lehman.

All good.

I could stick to my totally negative view that I have had about these plans, or I could recognize that on Friday it seemed like the end of the banking world and we had tremendous uncertainty about the new government's team.

We do not have the end of the banking world; Citigroup is now saved.

I like everything I hear. "

(in www.realmoney.com)