GO
Loading...

Stop Trading!: What's Cuomo Doing?!

Thursday, 8 Nov 2007 | 12:21 PM ET

New York Attorney General Andrew Cuomo is going to single-handedly “shut down the mortgage market,” Cramer said on Wednesday’s Stop Trading!.

Stop Trading!
Mad Money's Jim Cramer shares his stock picks and his somewhat strong feelings about NY Attorney General Andrew Cuomo, with CNBC's Erin Burnett

Cuomo’s probe of the lending practices of Washington Mutual , and its relationship with Freddie Mac and Fannie Mae is only helping to further deteriorate the housing market by making it even harder for those companies to lend, Cramer said.

The Mad Money host also urged investors to sell AIG ahead of its earnings Wednesday after the bell. Cramer owns AIG for his charitable trust, but has been trying to sell it because, as he said, there’s no way to know what’s really in AIG’s portfolio. He called the insurance giant a “master of obfuscation.”

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change
AFF
---
FNMA
---
FMCC
---
WM
---

Featured

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.