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Credit Suisse's Bonus Is Not Coal in the Stocking

By Jim Cramer

 About this article:
 The headline of the New York Post screams: "STOCK SUCKERS, Credit Suisse employees to receive toxic junk." It sounds like the bank crushed the employees with horrible instruments that helped offload $5 billion of the terrible inventory. I don't think there is a soul out there that thinks all of this stuff is worthless. I do not believe the average of "60 cents on the dollar" as the Post says, which, arguably is worth quibbling over. But it isn't worthless, and given that employees don't have to show returns, it could be worth a great deal. All of these investment banks are suffering from the exact same issue: the mark-to-market rigor that -- hate it or like it -- shows a lower valuation than what the stuff might ultimately be worth. I think that if these firms wanted to sell this stuff en masse, it would definitely be...

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