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Forget Punishment -- This Is About Survival

By Jim Cramer

 About this article:
 Let 'em all go. Let 'em take the hit. Let 'em go under. I hear it over and over again. I keep hearing it: Let all of the banks go. And it makes me sick. It is time to recognize that the banks are the economy. It is time to recognize that this plan was the best thing we could have because we were going to see, and could still see, a total collapse in the economy. We can be as punitive as we want. We were totally punitive when it came to Lehman. We let them have it, right in the kisser. We really showed them. We really hurt them and their recklessness. And the aftermath of that deliciously punitive action is a worldwide meltdown such that this plan cannot be put into place fast enough. The plan now has so many strings that many...

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