Cramer Says Buy Wells Fargo (WFC) And Sell Washington Mutual (WM)

On Mad Money tonight, my friend, buddy, pal Jim Cramer said buy Wells Fargo (NYSE: WFC) and sell Washington Mutual (NYSE: WM). Cramer also added Terry Killinger to his Mad Money hall of shame. He is surprised at the low percentage that WAMU has allocated towards loan losses.

He thinks Washington Mutual's CEO Killinger has done a terrible job.

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