Jim Cramer's "5 lies about the Paulson plan"

[scheming daemons]

http://www.cnbc.com/id/26857498

It doesn’t address the real problems of people losing their homes.
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The plan costs too much.
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Executives will be overpaid.
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Banks will be forced to take huge write-downs once we discover what the government’s paying for these troubled assets.
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There’s no rush here.
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Details of each item in the article.



Lots of people don't like Jim Cramer. But I believe him. Tells me the bailout is necessary.

[billyoc]

1. I'm the opposite, I DO like him, but I don't believe him.

He's too closely tied to the robbers that caused this.

[Indenturedebtor]

2. The only reason for people like Jim Cramer is to produce a steady stream of rubes

He makes people feel confident in becoming part of the majority of people in the stockmarket who lose money. Always a day late and a dollar short. And he is WAY too close to this to be honest.