All eyes are on the bailout. If as you read this, we have a bailout, investors most likely will be happy. If not, we're all still on pins and needles.

While the market closed up on Friday, a majority of stocks were still in the red. No one knows what to do because there is still so much uncertainty surrounding not only the bailout but its effects as well.

Stocks faring well on Friday included Bank of America (BAC), Citigroup (C), Microsoft (MSFT) and Wells Fargo (WFC). There were also plenty of losers, with Vale (RIO), Morgan Stanley (MS), Research In Motion (RIMM) and Apple (AAPL) leading the way.

While many are hoping for a bailout rally, it's hard to say what the right move is for the long run.

With this in mind, we thought we'd take a look at some of Friday's top-searched stocks on TheStreet.com and see what Jim Cramer's had to say about them recently.

These stocks could be in the news for a number of reasons. Some require immediate attention; others may not. Regardless, it never hurts to hear what Cramer (or any of the other professional investors on the site) has to say about them. The key is to gather as much information as you can in order to make the most informed investment decisions you can.

For example, in a recent post to his RealMoney.com blog, Cramer had this to say about Downey Savings (DSL):

"More seizures are imminent, I believe. If the FDIC can come in and seize WaMu (WM), how are they not going to seize BankUnited (BKUNA) and Downey Savings? These are the obvious ones, the ones that the FDIC needs to see made whole or will take them, take the liabilities and sell the deposits.

Both are damaged and wounded institutions that I would put in the camp of WaMu, and both need to be seized to make sure Congress knows the stakes and what is about to happen here.

The one thing that I like here, as always, is the FDIC is not going to let us down. Those with deposits at these two of under $100,000 will do just fine.

Those with over? All bets are off.

These two have done everything wrong, in my opinion, and have courted this for months.

It seems like the ballgame is finally over."

For the more of what Cramer thinks about Friday's top-searched stocks, including AT&T (T) and Macy's (M), check out the Cramer's Take portfolio at Stockpickr.com.

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Morgan Stanley for his Action Alerts PLUS charitable trust.)

Posted on Sept. 28, 2008