TheStreet.com RealMoney

Irony and Tragedy

By Jim Cramer

 About this article:
 The bears have to be gloating. Bank of America needs more TARP money right after they put the TARP money in China? Right after they said they didn't need the first tranche of money? Right after they proudly pointed out that the money wasn't necessary? Ugh. What a comeuppance. We all knew they paid too much for Merrill on top of paying too much for Countrywide. Now we know the cost, and if it is as draconian as Larry Summers indicated in his letter to Congress, we'll have a second zombie bank stock to go with Citigroup in the Dow Jones Average. Just terrible news. The other news, Apple , is just so, so sad. Steve Jobs, frankly, is the smartest, most innovative man of our generation and he's obviously very sick. I hate to even comment on this one other than saying you can't own...

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