Von Hoffmann Correction?

A reader writes:

Cramer is RIGHT.  The caller had an ACCOUNT at Bear Stearns.  His question was, “should I take my money out?”  Cramer’s answer was: “don’t be silly.”  There’s no reason to do that.  And Cramer was right about that.  The caller doesn’t go down with BSC, if it goes bankrupt.  He still owns what he owns.  He would just have to move his portfolio over to Fidelity.  Now, his portfolio is with JPMorganChase. 

Cramer was NOT advising him to stay in BSC stock. 

Von Hoffmann Award Nominee

"For all intents and purposes, McCain’s campaign is over. The physicians have pulled up the sheet; the executors of the estate are taking over. Paying bills and winding down – not strategizing, organizing, and getting the message out – will be the order of the day," – Charlie Cook, National Journal, last July.

I actually saw the logic of McCain’s victory back in November. My Times of London column holds up pretty well:

The odds against McCain are still high. But he is not unimaginable as the nominee. It’s worth recalling that in December 2003, at about this time in the primary cycle, John Kerry had a national rating of 4%. If one establishment Vietnam vet can come back from the political dead to win the nomination it can happen again.

An Awards Glossary is here.