Depression

Last night, Cramer warned that if the government doesn’t bail out the mortgage insurers — Ambac, MBIA, PGIC — they’ll go under. If they do, we’ll have…

“the end of the world – or at least another 2,000-point decline in the market, which in my view is about the same thing,” he said.

What we have here is either a $125-$250 billion government bailout or economic armageddon? Nice.

Thanks, Mr. President. Good job, you dingus.