Cramer Said More Bank Failures To Come After IndyMac (IMB)
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On CNBC, Jim Cramer said now is not the time to buy bank stocks. He said you have to use the 1990 play-book, were many savings and loans went bust.
Cramer said it was not a surprise that IndyMac (NYSE: IMB) went down because of its non-performing assets. Cramer said Washington Mutual (NYSE: WM) and National City (NYSE: NCC) also have significant non-performing assets.
Cramer said it was not a surprise that IndyMac (NYSE: IMB) went down because of its non-performing assets. Cramer said Washington Mutual (NYSE: WM) and National City (NYSE: NCC) also have significant non-performing assets.
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