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Fred CIf you watch the video you can see Cramer with a BS stock chart up in the back ground. Cramer was not talking about the other BS financial instruments. I'd be a little worried though because the whole reason BS started to fold was because (and this is my belief) they held too much in the way of those non-Fed backed mortgages (Fannie Mae junk). I'm sure they had some of those bonds tucked away in some of their other investment strategies.
The truly sad part is that there are a lot of employees of BS that held BS stock in their 401K plans. All of that seems to have evaporated into $2/share. Could you imagine working 25 years for a company, holding about 10,000 shares of BS stock valued at about $600,000 just recently and now you are holding about $20,000 in value of that same paper.
You can't tell me that somebody can't be held accountable for their fiduciary irresponsibility. Doesn't this sound a bit like World Comm or Enron a few years back? This is really sickening. I hope nobody on the board is getting hosed in this mess.