Our Biggest Banks Are Falling Apart By Jim Cramer About this article: They killed the banking industry, didn't they. Just like the 1930s. That's not so far-fetched. Citigroup is well under $8 and is still taking crummy assets onto its balance sheet. Some $17.4 billion in heaven-knows-what is in those structured investment vehicles, stuff so toxic that even the morons at AIG didn't own it or insure it, which is a benchmark. Bank of America? Ken Lewis now appears to be a total gunslinger making a bet on China. Would it not have been better to try to shop the bad mortgages to Washington under what TARP was supposed to be used for and take the hit against that capital? JPMorgan Chase? My hope? It's a rumor that Jamie Dimon is going to Treasury. Otherwise, holy cow. It would seem that the banks have taken several legs down recently, and the reasons are fourfold: Democrats might be inclined to demand that... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.