Jim Cramer: 5 To 10 Days Until Cash Dries Up
The following video scares the absolute $#!+ out of me, and I don’t really scare that easily.
Because what we’re talking about at this point is our own personal liquidity. Cramer (famous for being the wily host of Mad Money, but a serious money manager in his own right) is saying that if something doesn’t happen soon then some BIG banks will fail and institutions like the FDIC may not be able to help us because they’ll be overwhelmed.
Seriously, watch it.
The upside? We could actually make money on this deal. Or we could lose $200B.
Still, are the Repubs and Dems taking too long drafting legislation?