The Capitalized and the Dead By Jim Cramer About this article: JPMorgan Chase CEO Jamie Dimon's admonition about regional banks' coming problems with commercial real estate, highlighted on his excellent conference call this morning, is a reminder that you have to own the best capitalized regionals or you could run afoul his dictum. More on JPMorgan Signs of Credit Stabilization These include First Niagara, People's United Financial, NewAlliance and Glacier. Increasingly I believe the FDIC will call on these banks to acquire others with bad commercial real estate precisely because they are brimming with capital. The objections to entities buying collapsing banks has to do with weak capitalization structure, particularly when it comes to private equity. Where is commercial real estate clustered? Often it is in small savings and loans that don't matter. Sometimes it is in banks like Corus, which is a huge condo developer in Florida. Corus is a helpful analogy here. Even though it is pathetic... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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