Cramer's Big Banks The Shorts Can't Break
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Date updated:02-19-2009

"Every day they play break the bank. They play it because Tim Geithner gave them ammo. But I think they have a lot of assumptions wrong." - Jim Cramer

symbol name last price % change open
  • +
  • BAC
    Bk Of America Cp
  • $16.03
  • +1.65%
  • $15.85

We are not going to nationalize Bank of America(BAC) or Citigroup(C). We are not going to nationalize Wells Fargo(WFC). We are not going to seize them. We are going to let them build capital and work them out themselves. We are going to do that because it is nuts to seize them, and Tim Geithner knows that. He knows that the government doesn't have a clue about how to run Citigroup(C), for example, with all of those myriad special-purpose vehicles that are like giant collateralized debt obligations.

People owning BAC also tend to own: AAPLGOOGINTCMSFTRACKCFCASH

TheStreet.com Rating: C- What is this?

  • +
  • C
    Citigroup Inc
  • $4.18
  • -0.24%
  • $4.15

We are not going to nationalize Bank of America(BAC) or Citigroup(C). We are not going to nationalize Wells Fargo(WFC). We are not going to seize them. We are going to let them build capital and work them out themselves. We are going to do that because it is nuts to seize them, and Tim Geithner knows that. He knows that the government doesn't have a clue about how to run Citigroup(C), for example, with all of those myriad special-purpose vehicles that are like giant collateralized debt obligations.

People owning C also tend to own: ACEBACCBCOPCVXDISGS

TheStreet.com Rating: D What is this?

  • +
  • WFC
    Wells Fargo & Co
  • $28.10
  • -1.06%
  • $28.25

We are not going to nationalize Bank of America(BAC) or Citigroup(C). We are not going to nationalize Wells Fargo(WFC). We are not going to seize them. We are going to let them build capital and work them out themselves. We are going to do that because it is nuts to seize them, and Tim Geithner knows that. He knows that the government doesn't have a clue about how to run Citigroup(C), for example, with all of those myriad special-purpose vehicles that are like giant collateralized debt obligations.

People owning WFC also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: C What is this?

  • +
  • KEY
    Keycorp
  • $5.69
  • -2.57%
  • $5.72

I believe in selling a lot of the smaller regionals. I don't know what happens to KeyCorp(KEY), Comerica(CMA), SunTrust(STI), Huntington Bancshares(HBAN), Regions Financial(RF) and Fifth Third(FITB). Maybe they will be turned into zombie banks. Maybe they get seized.

People owning KEY also tend to own: AUYBPCSELMTLUNAPEGPWE

TheStreet.com Rating: D What is this?

  • +
  • CMA
    Comerica Inc
  • $28.01
  • -1.34%
  • $28.29

I believe in selling a lot of the smaller regionals. I don't know what happens to KeyCorp(KEY), Comerica(CMA), SunTrust(STI), Huntington Bancshares(HBAN), Regions Financial(RF) and Fifth Third(FITB). Maybe they will be turned into zombie banks. Maybe they get seized.

People owning CMA also tend to own: CCOFDOWDUKGDHALHD

TheStreet.com Rating: D+ What is this?

  • +
  • STI
    Suntrust Banks
  • $20.29
  • -3.38%
  • $20.90

I believe in selling a lot of the smaller regionals. I don't know what happens to KeyCorp(KEY), Comerica(CMA), SunTrust(STI), Huntington Bancshares(HBAN), Regions Financial(RF) and Fifth Third(FITB). Maybe they will be turned into zombie banks. Maybe they get seized.

People owning STI also tend to own: COFFICCDEODHTFCXHONHQL

TheStreet.com Rating: D What is this?

  • +
  • HBAN
    Huntington Bancsh
  • $3.80
  • 0.00%
  • $N/A

I believe in selling a lot of the smaller regionals. I don't know what happens to KeyCorp(KEY), Comerica(CMA), SunTrust(STI), Huntington Bancshares(HBAN), Regions Financial(RF) and Fifth Third(FITB). Maybe they will be turned into zombie banks. Maybe they get seized.

People owning HBAN also tend to own: ASBCCCNQCOVEPDHWGKMP

TheStreet.com Rating: D What is this?

  • +
  • RF
    Regions Financial
  • $4.83
  • -2.62%
  • $4.93

I believe in selling a lot of the smaller regionals. I don't know what happens to KeyCorp(KEY), Comerica(CMA), SunTrust(STI), Huntington Bancshares(HBAN), Regions Financial(RF) and Fifth Third(FITB). Maybe they will be turned into zombie banks. Maybe they get seized.

People owning RF also tend to own: AMDBBTCOPDUKFIBMMRK

TheStreet.com Rating: D What is this?

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