Cramer Claims BofA (BAC) Might Actually Be a Buy

During CNBC’s Mad Money show on Thursday night, Jim Cramer applauded Berkshire Hathaway (Nasdaq: BRK-A) for investing $5 billion into Bank of America (NYSE: BAC).

Cramer said the $5 billion investment removed a portion of the overhang looming above the bank.

To the remaining skeptics, Cramer asks, "Which do you prefer, the government taking a stake and wiping out everybody... or Buffett taking a stake and taking everyone along for the ride?"

With the investment form Berkshire Hathaway helping to drive the stock up 9.44 percent during Thursday's session, a lot of the worst case scenario talk is depleting, according to Cramer. "And, you know what? The stock might actually be a buy."

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