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My To-Do List

By Jim Cramer

 About this article:
 As we wait for Congress to approve the rescue plan for the financial system, I offer you a list of things that must be done (some are related to the rescue plan, some are not) to prevent us from going back to the edge of the abyss. Call it my international to-do list: The European Central Bank must cut rates by a full percentage point to get in front of what is rapidly devolving into Europe's own version of the U.S. mortgage crisis. The Fed must cut rates to allow all banks to make more money on new mortgages. The Fed should make it clear that the goal is to avoid a recession. Policymakers should drop the ridiculous "guard against inflation" nonsense; otherwise, they will look like fools in the history books. The Treasury Secretary must start talking about the real positive of the rescue plan here: The...

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