In a recent post, Cramer broke down the Citigroup situation. “What do all of those people at Citigroup (C) do? As Vikram Pandit meets with investors today, it is worth pondering how a firm with 300,000 people keeps laying people off, yet it means nothing. There are two problems with Citigroup. First, they invest terribly. They could have 50 employees and invest badly or 500,000 and invest badly. Everyone talks about their troubled portfolio and their troubled hedge funds. No one talks about performance. It's as if what happened here was that they chose some asset class and the losses were then inevitable. They simply failed to invest well. Their hedge funds put on bad strategies. Their managers picked bad assets. We keep hearing about risk controls, the lack of risk controls. In the end, it's direction that matters, not risk controls. They played the market and bet wrong, using the wrong merchandise. Why doesn't anyone see that? The second thing that is wrong is that if Pandit fired 100,000 people today, not 2,000 here and 3,000 there, I have a sense that it wouldn't matter. How many of these people produce revenue? How many of these people are even necessary? We never know. Pandit doesn't have to cut people, he has to sell divisions, if they are worth anything. I find all of this unforgiveable. I don't care about Bob Rubin and what he had to do with it. He didn't do the hiring. Should he be fired? Wrong question. Everyone should be resigning, admitting they did badly. That's OK, too. People do resign when they do badly. It does happen, although it certainly doesn't happen at Citigroup. The best thing I can say about Citigroup is that its shareholders are such believers that they are willing to take a huge beating. I figure Pandit will just issue another $10 billion in equity and eliminate the dividend. He ought to do that. It makes sense, and it will viewed positively as "the end of the nightmare." The end, that is, until he raises another $10 billion, which will be viewed as "opportunistic" and "smart." I live in a real world. These things are bad, not good. I guess I am an anomaly. I reiterate that Citigroup should be sold. Until someone comes in and breaks it up.”

In a recent Real Money post, Cramer railed against the company. “I can't think of a reason to own Hovnanian, but I haven't been able to think of a reason to own any homebuilder for years. My point is that they have become crummy shorts because something happened this cycle that I didn't expect: The banks just didn't pull the plugs on these guys, even though they had every right to do so. That decision by the banks, collectively, has been dreadful -- suicidal, in fact. Had they bitten the bullet and crushed these guys, the houses would no longer be pumped out and the decline in home pricings would have largely run its course. What's interesting is that the shorts just pounded out the syndicate biz, broke the print and are now causing fear among all of those who bought on the deal. The brain-dead value players don't know the difference, but this block is in many ways more indicative of the true feeling of the market toward this group than the major bounce it has had for the past six months.”

From a recent Mad Money show: "I'm torn on this one. It went up, then down, and while this last quarter was good, I won't bless it until I see one more good quarter."

From a recent Mad Money show: "I think you should hold onto Sprint. I think they're going to get bought. It's OK, but it's speculative only."

From a recent Mad Money show: "I thought this one couldn't miss, but the quarter wasn't there. There have been some stinky tech stocks out there. I just can't go back."

From a recent Mad Money show: "Oh man, any company that's levered to railroads is a buy, buy, buy. I'm reiterate my buy right here."

From a recent Mad Money show: "I have a real problem with Sunoco and the refiners. The margins are just going down; I cannot recommend them. I'll give you Marathon Oil (MRO) but that's it for that sector."

From a recent Mad Money show: "I'm not a fan of Juniper. They're going head to head with Cisco Systems (CSCO) and that makes it a sell, sell, sell.