“That means that in the span of a single year, Cramer recommended three banks to invest in. All of them are now defunct or in the process of becoming defunct.”
Maybe he’s being paid to tout them in a desperate attempt to shore them up?
“Maybe he’s being paid to tout them in a desperate attempt to shore them up?”
That would make the most sense, as it would lower FDIC liability. Of course, eventually, people will just start shorting whatever banks he recommends.