A couple people asked me what was going to happen, said, hey, cramer, booyah, is this thing for real now . I mean, are we really in trouble . I knew right then wed have a nasty selloff and we did, dow sinking 137 points, s p giving up. 90 . Nasdaq plunging. I knew it because the politicians have finally been able to create enough concern in enough people that its being chatted about in the street. Now it is ironic and tragic and sad that washington was also the scene of a real life and death drama today. Im talking about the artificial one created by the politicians. Both sides have started accomplishing what i perceive as their actual goal, which is to embarrass each other, stigmatize each other, make us feel the other side has a reason to worry about being reelected. Our savings are also affected by the debate in washington. One side, the other side or both are able to paralyze us with enough fear and truly hurt us with the collateral damage. Well, we havent really cared about it. Bu
Hey, cramer, booyah, is this thing for real now . I mean, are we really in trouble . I knew right then wed have a nasty selloff and we did dow sinking 137 points, s p giving up. 90 . I knew it because the politicians have finally been able to create enough concern and enough people that its being chatted about in the street. Now it is ironic and tragic and sad that washingtons the scene of a real life and death drama today. And im talking about the artificial one created by the politicians. Both sides have started accomplishing what i perceive as the actual goal, which is to embarrass each other, stigmatize each other making us feel the other side has a reason to be reelected. Our savings are also affected by the debate in washington. One side, the other side or both are able to paralyze us with enough fear and truly hurt us with the collateral damage. Well, we havent really cared about it. But today, we started caring. Now, im not going to tell you how i feel what can or should happen
Small cars to the test and its prompting concerns for auto makers. Why bringing in goods from overseas may be the only way for some Small Businesses to survive and thrive. Well meet one owner whose putting the made in america slogan to the test as our special series continues tonight on nightly Business Report for thursday, august 8th. Good evening everyone. Our top story tonight, banks under fire. Remember those controversial Financial Products that were at the center of the financial crisis . They are back in the spotlight, and so is jp morgan chase. The bank revealed its facing two investigations by the department of justice, both criminal and civil involving the sale of Mortgage Backed securities. As jackie reports, jp morgan isnt the only one under scrutiny as they ramp up investigations of the largest banks. Reporter the government is turning up the heat on banks about their dealings with Mortgage Backed securities. In a filing yesterday its the target of parallel, civil and crim
Makers. Why bringing in goods from overseas may be the only way for some Small Businesses to survive and thrive. Well meet one owner whose putting the made in america slogan to the test as our special series continues tonight on nightly Business Report for thursday, august 8th. Good evening everyone. Our top story tonight, banks under fire. Remember those controversial Financial Products that were at the center of the financial crisis . They are back in the spotlight, and so is jp morgan chase. The bank revealed its facing two investigations by the department of justice, both criminal and civil involving the sale of Mortgage Backed securities. As jackie reports, jp morgan isnt the only one under scrutiny as they ramp up investigations of the largest banks. Reporter the government is turning up the heat on banks about their dealings with Mortgage Backed securities. In a filing yesterday its the target of parallel, civil and criminal invelst gages. The probe relates to low quality mortga
Slogan to the test as our special series continues tonight on nightly Business Report for thursday, august 8th. Good evening everyone. Our top story tonight, banks under fire. Remember those controversial Financial Products that were at the center of the financial crisis . They are back in the spotlight, and so is jp morgan chase. The bank revealed its facing two investigations by the department of justice, both criminal and civil involving the sale of Mortgage Backed securities. As jackie reports, jp morgan isnt the only one under scrutiny as they ramp up investigations of the largest banks. Reporter the government is turning up the heat on banks about their dealings with Mortgage Backed securities. In a filing yesterday its the target of parallel, civil and criminal invelst gages. The probe relates to low quality mortgages packaged and sold in securities between 2005 and 2007. The california prosecutor came to a preliminary conclusion jp morgan violated certain securities laws in con