Discussion in 'Chit Chat' started by NY_HOOD, Sep 29, 2008.
Wait, how are Cramer faves WB and RIMM doing?
Man I wish I could dig up the very recent and glowing interview Cramer did with Bob Steele of Wachovia. Classic.
I saw the interview on Mad money and it was a total pump job.
Segment 2: Interview with Wachovia (WB) CEO Bob Steel
Cramer spoke to Steel about the future of the financial sector because it was the cause of the 500 point drop in the Dow today. Steel said that he is focused on improving their balance sheet and providing a clear picture of the company's assets and issues. Also, he thinks they are in better shape than other financials because they own mortgages instead of mortgage backed securities, giving them more options to get out of the mortgage mess. Steel ended the interview by saying that he is excited about his job, and that he is focused on creating value for the shareholders.
here's a link to the interview:
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