Let that sink in a little bit.
So for those of you who don't watch CNBC at 11pm (since lets be honest, who watches Mad Money at 6 - if at all?), let me explain the reason behind this monumental post: Cramer actually practiced RESPONSIBLE punditry! I shit you not.
Can't find a video clip, but the gist of the matter is posted on the Mad Money site . Essentially it boils down to the fact that Jim understands - and tried his darndest to get his audience to understand - that the so-called "Bailout", isn't, despite what John Q. Public may believe. No, in reality, its hardly about bailing out the Wall Street Bankers; its about making sure the global financial system doesn't come to a screeching halt.
I've already warned the MSM to get their act together and start getting a 'lil more responsible with their reporting of the "impending financial Armageddon" (like they have any idea wtf is going on, please), but it didn't seem like anyone was listening. Apparently, at least Cramer was. On his show today (well, Wednesday 9/24), he went out of his way to explain to his largely non-Wall Street audience that while it may seem like the so-called Paulson Plan is a direct bailout of the Rich Wall Street Bankers who caused this whole thing (ignoring the accuracy of that allegation for now), in actuality, we need it to make sure that banks stay open, credit doesn't completely dry up, and life can go on with as little disruption as possible.
Who'da thunk it would come from Cramer?