Jim Cramer has been pounding the table all week long that Congress must pass the $700 billion bank bailout plan quickly in order to save the U.S. and possibly the entire world from another Great Depression. Cramer has expressed that many people view the plan as a bailout for Wall Street and not Main Street, but he says the alternatives to the plan are far worse.

No matter who is to blame for the financial crisis, Cramer is ready to help his viewers make money off the right stocks and sectors that will benefit if the plan passes or if it is rejected by Congress.

Recently, Cramer found opportunity in four stocks that could benefit from the bailout plan, retail stocks that should be sold and stocks the two major camps on Wall Street are playing. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog post links require a RealMoney subscription).

Cramer’s Four Stocks the Bailout Plan Will Keep Afloat: Cramer says four stocks could do well under the $700 billion bailout plan. In a Sept. 24 blog post, he wrote: “In truth, I don't like any of these, but we know that people will play them, so at least you know what I think they are worth and what they will do.” Cramer’s Four Stocks the Bailout Plan Will Keep Afloat include AIG and Washington Mutual (WM).

Cramer’s Two Camps: Cramer says there are two major camps on Wall Street right now. In a Sept. 25 blog post, he wrote: “I think this latter camp is betting on Congress going with Paulson. I still think that is a tough bet unless the GOP starts cutting deals, and boy they had better start cutting deals. ” Cramer’s Two Camps portfolio includes Apple (AAPL).

Cramer’s Three Markets: Cramer says there are three markets right now: the bull mode, the bear mode and one that’s up in the air. In a Sept. 21 blog post, he wrote: “The first, the bull market, is what I call the 'food bank' world, which consists of self-financing companies that, even if they do need to tap the debt markets to expand, represent the only trustworthy debt.” Cramer’s Three Markets portfolio includes Heinz (HNZ) and Ford (F).

Cramer’s Selling Strategy: Recently, Cramer advised viewers to sell 20% of their portfolios. On last Friday’s “Mad Money” TV show, Cramer told viewers: “Rank every stock in a portfolio from one to four. Ones are the stocks you'd buy right now. Twos are those you'd buy on a pull-back. Threes are those you'd sell into strength. Fours are those you need to sell right away.” Cramer’s Selling Strategy includes Wells Fargo (WFC) and U.S. Bancorp (USB).

Cramer’s Ring-the-Register Stocks: Cramer says investors need to ring the register on a number of stocks. In a Sept. 19 blog post, he wrote: “I'm saying to ring the register on Toll Brothers (TOL). Get long the HGX housing index if you want.” Cramer’s Ring-the-Register Stocks include Cabot (CBT).

Cramer’s Retail Stock Sells: Is it time to dump retail stocks? In a Sept. 23 blog post, he wrote: “Retail's just awful. It has been awful for the last three weeks ever since this crisis spun out of control. The market's oversold here, so I am reluctant to say, "Just dump it," but it shouldn't be this high. There's too much uncertainty.” Cramer’s Retail Stock Sells include GameStop (GME) and Best Buy (BBY).

By James Altucher

Posted on Sept. 25, 2008