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Crazy Jim Cramer calls AG Cuomo a "communist" [View All]

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AX10 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-12-07 01:59 AM
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Crazy Jim Cramer calls AG Cuomo a "communist"
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Edited on Mon Nov-12-07 01:59 AM by AX10

CRAMER: I'm getting tired of the New York state attorney general being the most important man in America.


CRAMER: Cuomo is about confiscation!

BURNETT: I want to get to a --

CRAMER: Genuine communism. The Chinese are capitalists.


CRAMER: We got a communist.

VIEIRA: Now, come on. Isn't he doing his job? Come on.

CRAMER: No, he's not doing his job. His job -- this is the New York state. This is not the federal government. He is making it so that the very institutions we need right now to provide money for people are gun-shy -- Fannie Mae, Washington Mutual. You don't attack --

VIEIRA: But they made a mess. He's investigating that.

CRAMER: So go after the CEOs. Don't make the companies feel like it's dangerous to lend. If you're trying to buy a home right now, the last thing you want is Cuomo attacking the people, the companies that make the money available for you to buy a house.

VIEIRA: So we're digging ourselves into a deeper hole.

CRAMER: This is all -- the barn door, the horses left. We don't go after these guys; we need more money in the system. We don't want to make bankers gun-shy. That's throwing gasoline on the Kingsfords. You do that, what will happen is, is that they'll be even fewer homes bought.

VIEIRA: All right, silver lining -- silver lining for investors.

CRAMER: All right. This is a moment -- the actual stock market, there are a lot of companies doing well. If home-buying, very bad, retail, very bad, why not put your 401(k) money to work when it looks most grim, that's when the most money's been made. Don't wait until the end of the year to make your contribution. Take advantage of the negativity now and do some long-term buying -- not short-term -- long-term buying.

VIEIRA: Oil as well?

CRAMER: I still like oil. I think oil goes a little bit higher, it is monster. You'll be paying it at the pump. You'll be paying $4 within the next six weeks.

VIEIRA: OK, I think Cuomo's on the phone for you. So, you wanna get it?

CRAMER: Tell him I said, "Hi."

VIEIRA: Jim Cramer, thanks. You can see Mad Money weekdays at 6 and 11 p.m. Eastern time on CNBC.

The only thing that F-er Cramer cares about is that his rich friends could get into trouble for screwing things up!
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