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Jan.12
9:27 PM ET
Monday, 12 Jan 2009
What Ever Happened to Moral Hazard?
Posted By:Tom Brennan
Topics:Bankruptcy | Timothy Geithner | Henry Paulson | Stock Picks | Stock Market
Sectors:Insurance | Financial Services
Companies:American International Group Inc
Cramer can’t believe Treasury Secretary Henry Paulson says he had no legal authority to save Lehman Brothers, nor was there a buyer for the ailing investment bank. Especially when you consider Washington leapt to AIG’s [AIG
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] rescue just a couple of days later. Lehman’s collapse was near catastrophic for the markets, so someone has to be held accountable.
This whole debacle is the subject of Cramer’s latest outrage. Check out the video for the full rant.
Join Cramer live in the studio for Mad Money: The State of Cramerica, a special town hall-style show on Wednesday, Jan. 21. Get your free tickets here!
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