
Why Can't Anything Fail?

By Jim Cramer
About this article:
We don't get a bottom. We just drift down -- or on days like today, we raid down hard. One of the reasons we don't get a bottom is that nobody goes under. We just have so many companies on life support.
Take Charter . This ridiculously hobbled cable company is what I mean about there being no conclusion to anything around here. Fitch just took Charter to CCC. Charter should be defaulting. When it does, Comcast and Time Warner Cable should be able to buy the assets, the subscribers, for a nice discount.
But it doesn't go under. It just hangs around. The whole capitalism pruning process isn't working.
Same with the banks and mortgage insurers. How in heck can Fremont General still be around? Look at those statements this morning. But it exists still, and it drags out the cleansing process.
No one ever...

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