Jim (cont'd):     

Now, what do I want… I’d like Thain to spend some quality time with ex-Tyco (TYC) CEO, Dennis Kozlowski… also known as Mr. $6,000 shower curtain… they can spend their time discussing the finer points of design out of reach… presumably in a rendezvous most convenient to Kozlowski… who is spending an 8 to 25 year prison sentence at Mid-State Correctional Facility, very fashionable, in upstate New York… prisoner number 05A4820, shaking it boss… talking about a guy who could use a roommate who can swap restoration hardware and Smith & Hawken catalogs… as well as kitchen and bath horror stories.

Now, I know if I were in their shoes I would be facing criminal prosecution… it would not be enough to say hey your sorry, or oops I forgot… if it were me, taxes mean you can’t mean you are sorry… and in tax bizarrely you are actually guilty until proven innocent… now Geithner is about to run the IRS, and he would have to go after himself… but I hear what he did is okay… because, of course, he could have made millions in the private sector… when he wasn’t paying his taxes from the non-profit… well I guess that is… do whatever you want then… but I just wish that we could deal with the real issues here… instead of the fact that John Thain blew $35,000 for a commode on legs… and $87,000 for a rug… or that Geithner forgot to pay his taxes… these are issues of form… but the way I see it both of these men have committed sins of substance that are much worse… John Thain hoodwinked Bank of America… and Tim Geithner hoodwinked… well, America… I’ve had a strong dislike for Thain every since he snookered me about market share and the achievements at the New York Stock Exchange… now, not to try to pass blame, everything I do wrong on this show is mine, I own it.

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But it was largely at Thain’s insistence of all the things that he promised… that I got behind the most disastrous pick of the show, NYX… the NYSE Euronext… for a series of recommendations… disastrous ones… that resulted in more hate mail than any other call I have ever made…. Thain totally pants-ed me… and now it looks like he pantsed Bank of America (BAC) too… and now Ken Lewis, the CEO is fighting for the banks life… while I was thrilled when Thain walked out the door yesterday… here is your hat Mr. Thain what is your hurry… it was too late to undo the damage… as you could make the case that he looted both Merrill Lynch (MER) and Bank of America, too, on his way out… talk about a bank job… Thain, like Cramer fave Michael Caine, starred in both dramas… I have been thinking… you know I do some thinking now and then… maybe Thain is a dead head… driving that Thain high on commodes… but he is so uncool that he probably thinks Garcia’s first name is Cherry.

Tim Geithner… you know where I stand with him… I have been saying for the better part of the year that he was in the room for every single bad decision that has been made about this financial crisis… how could anybody not see that… yeah… and I hear in unison… nobody saw it coming… nobody said a thing… nobody had the clairvoyance or the vision… everybody is fine because nobody saw it… couldn’t have seen it coming… hey you know what… my kids saw it coming because they watch their Dad on YouTube screaming about financial Armageddon … and firms going out of business… now I hear that nobody predicted the whole no firms would go out of business… what the heck do these people think I was talking about in my rant… or do they just think I am a nobody… or perhaps clueless… I gotta tell you something… I am officially not clueless… I was clue No. 21 down in this Tuesday’s New York Times crossword puzzle… I rest my case.

I know Geithner is way too academic… too rarified to pay attention to some sad clown T.V. host… who likes to sip scotch after the close on Friday on his cheap linoleum floor… even if that clown retired after a successful stint at Goldman Sach’s… and a good 14 year run at his own hedge fund… not to toot my own horn or anything… and sure you can say that nobody knew that Lehman was so powerful that it could bring down the Western world that it was too big too fail… unless of course you actually listened to Lehman… and it wasn’t Dick Full, who told Geithner it was truly too big to fail… it was a group of Lehman people, with actual legitimacy… including some of my friends… and not Geithner is getting a full pass on this… the single worst mistake that the government made in a long line of mistakes… and one that he spearheaded as president of the New York Fed… it hurts me to see this… by the way, do you know that only Andrew Rossergen and Joe Nocera, two guys from the New York Times, agree with me Geithner… everybody else is too afraid or too in love with him… and you need to know that I have been attacked endlessly, by even the closest of my friends, for suggesting we needed someone who wasn’t tainted by Bush’s failed policies connected with the Obama White House.

And it hurts me to watch the confirmation hearings… we do not even know where Geithner stands on the important things… cancelling bank preferred stocks… maybe, on wiping out the bonds… closing down banks… maybe nationalizing everything… because the Senator’s didn’t ask and he didn’t tell.. a policy I thought the Obama administration intended to overturn… maybe a combination of Jack Bauer and Richards could find out… but these Senators certainly can’t… by the way “24” should bring back Richards, he was very results oriented… so listen to this man… he was there for all the good… such as it was… and absent for all of the bad… oh can that be true…now, I have been real vocal about these two… first putting Thain up on the wall of shame… and then begging Barack Obama on an almost daily basis not to appoint Geithner… pleading that he was the wrong guy for this job… didn’t even know about this IRS stuff… well, now we know about both of them.. and it is too late to do a thing… the stain that John Thain left on Wall Street smells so bad, that he may have actually covered up the stench of Bernie Madoff… at least temporarily… as for Geithner, we are stuck with him now… just too far down the process to pull the plug… with the situation too dire to rustle up someone new.

Here is the bottom line…

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The Bottom Line!:     If I had pulled half of the nonsense that John Thain and Tim Geithner did… you can bet that I would be going to prison… heck, I would probably be getting shived in the holding cell while awaiting trial… but Thain gets to walk away with billions…
and Mr. Geithner goes to Washington.. what a wonderful life...

Cramer thinks it's an outrage that Geithner and Thain apparently won’t be prosecuted for their actions