Cramer is tired of hearing that President George W. Bush's plan to freeze subprime interest ratesis a bailout, he told Erin Burnett during Stop Trading! Thursday. He chalked the complaining up to investors who shorted the financials.
"Everybody knows we've got to slow the [foreclosure] process down," Cramer said, "so these companies can raise capital and therefore stay in business, and snap back like in 1990 when Citigroup was insolvent."