For starters Jim Cramer's a fucking idiot.
Anyways....the banks collapsed because too many need funding and the gov't is out of options and quite frankly....out of funding. Sure they can bail out 1 or 2 BUT now it looks like if the market doesn't rebound they're going to have to nationalize them all. Scary shit and IMO these guys won't bounce like they should. Gov't can't drink the ocean and it's stupid of them to even try. Gonna see more BK's IMO due to lack of options. Interest rates are at rock bottom too lol. What a mess.
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