
Jim Cramer discusses the Governments failure to jump in and help with this collaspe of business giants.
Cramer said AIG needs to be saved in a "pass-the-hat-around fashion," referring to what he sees as a worldwide investment in its success. The middle bank index is doing well, he said, but that doesn't matter. "Frankly, I don't really care if my community bank is doing well," he said. "I care about AIG and the fate of Western banks, all of which have relied on AIG at some point for a risk transfer."
Cramer, hits a home run with assessments tonight on the problems with the collapse.
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