TheStreet.com RealMoney

So Bad It's Good

By Jim Cramer

 About this article:
 The aggregate news about the banks is all bad, except for the fact that it is all good! We are getting a huge amount of news from the FDIC that is interpreted as a nightmare: big losses, maybe 500 banks going under and lots of fee-raising to replenish FDIC coffers. Don't believe me? Check page C3 of today's Wall Street Journal: "FDIC Paints Dark Picture of U.S. Banking." I would love to be as negative as others because it would be fun and consistent, but after interviewing FDIC head Sheila Bair yesterday, who said there is a light at the end of the tunnel, and after considering that 500 banks is still only one-third the number of banks that failed in the S&L crisis, I can't be all that worried. Maybe Bair painted a different picture on the Mad Money campus. Not only that, but we...

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