FEATURED SLIDESHOW
Who Is The Worst CEO?Mad Money needed new inductees for its
Wall of Shame, so we asked viewers for
nominations.
RECENT POSTS
- Cramer: Cancel GM, AIG Trading
- Was Chattem's Quarter Good Enough?
- Lightning Round: Delta, Best Buy, Sunoco and More
- Lightning Round OT: Chevron, Joy Global and More
- Cramer: SEC Needs Pay Incentives
- Sell Block: Insana Too Bullish?
- Cramer: What to Expect This Earnings Season
- Buy This Data-Storage Stock
- Lightning Round: Exxon Mobil, Allscripts, Universal and More
- Lightning Round OT: Apple, Tenet Healthcare and More
MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Text Size 
The following is an unofficial and edited transcript from Thursday's "Mad Money."
Down a cool 444 points today, down more than 5%, 11 year lows in the S&P 500... it's been a terrible 2 day period. If we ever want to see a sustained rally, dramatic action is needed. We are in a precarious situation where systemic risk, not to mention "The Great Depression part II", is back on the table. This is systemic risk. It looks like Citigroup [C
Loading...
()
] at $4.71, Bank of America [BAC
Loading...
()
] at $11, Wells Fargo [WFC
Loading...
()
] at $22, and JP Morgan [JPM
Loading...
()
] at $23, not to mention Morgan Stanley [MS
Loading...
()
] at $9, Goldman Sachs [GS
Loading...
()
] at $52, and even Berkshire Hathaway [BHLB
Loading...
()
] at $77,500, down about 49% from its high. Systemic risk looks like a huge gain in treasuries, 9 points, a year's worth of gains in a few hours, just like in the Great Depression, where only US treasuries advanced in value and everything else went down in value, just like today. How could the treasury be so stupid as not to issue tens of billions in US third year bonds to take advantage of the run and help out homeowners?
America needs a plan to get rid of the systemic risk. In the video, Cramer offers his eight point tough-love plan to restore the American Economy.
Cramer wants to keep the rally alive, and that means adopting the eight point program to stop this moment from cascading into a 1932 situation. It will re-instill confidence so we can bring in all the money that's sitting everywhere on the sidelines into riskier assets in order to allow our economy to grow again.
Bottom line: If President-Elect Obama wants the sequel to the great depression off the table, he should appoint Cramer, or at least listen to him, and do it now. Today if possible. January is too late - he won't be able to avoid another depression if he waits until he takes office. Just announcing a serious plan now will restore confidence and help take the systemic risk out of the system.
RELATED LINKS
- Cramer's New 'New Deal'
- Cramer: What Happened to Natural Gas?
- Mad Money Lightning Round: Fastenal, Teva Pharmaceutical, Activision, Family Dollar and More
- Lightning Round OT: Accenture, Tetra Tech, and Harley-Davidson
- Cramer: Sell Block: The Dangers of Master Limited Partnerships
- Cramer: Outrage! Where's the Money?
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes