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Worse After Lehman? Are You Kidding Me?

By Jim Cramer

 About this article:
 Am I nuts, or am I missing something? One year after the financial system was brought to its knees, we are back in the mid-9000s and we have taken off the table massive bank risk and are well on our way to recovery. I keep listening to people like Nobel Prize winner Joseph Stiglitz say the banking system is worse off now and I say to myself, "That's just stupid and wrong and anti-empirical and actually just silly." Anyone who knows what's really going on has to feel this way. And where was Stiglitz when some of us were running around trying to save things? I also hear there is less discipline and we are all back to doing all the things we shouldn't be. How can anyone think that? We have no shadow banking system anymore, and we have bankers who fear for their jobs every day...

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