RECENT POSTS
- Lightning Round: Yahoo!, CEC Entertainment, Standard Pacific and More
- Cramer: Berkshire Hathaway Is a 'Screaming Buy'
- Kimco Realty CEO on Solid Earnings
- Cramer: Analysts Today Are So Negative
- Perrigo CEO on Earnings Beat
- Lightning Round: Pep Boys, Covidien, Goldman Sachs and More
- Buffalo Wild Wings Delivers Blazing Hot Quarter
- Wyndham CEO Talks Earnings
- What Keeps Cramer Up at Night
- Cramer's Fave Rail: Union Pacific or Norfolk Southern?
MAD MONEY FEATURES
CRAMER'S SOUNDBOARDAdmit it: You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.
PODCASTS
Watch the Lightning Round whenever and wherever you want.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other "Mad Money" merchandise.
RING TONESPick up the phone! It’s Cramer! Get "Mad Money" sounds for your cell phone.
TEXT MESSAGE ALERTMad Money’s mobile. Get show highlights sent to your phone.
Game Plan: The Portfolio is Political
Text Size 
Web Editor, Mad Money
 |
Which causes? How about bringing back the “uptick” rule, or demanding the SEC bless a Sirius [SIRI
Loading...
()
]-XM Satellite Radio [XMSR
Loading...
()
] merger.
Now, he’s waving a new flag, though this one might strike a little closer to home for most viewers. Turns out there’s a $6 billion tax break for homebuilders in the Foreclosure Prevention Act of 2008, which is working its way through the Senate right now. Cramer’s gripe: The very companies at the center of the housing crisis are being handed money while homeowners watch their properties – and their net worth – plummet.
DR Horton [DHI
Loading...
()
], Toll Brothers [TOL
Loading...
()
], Pulte Homes [PHM
Loading...
()
], Centex [CTX
Loading...
()
], KB Home [KBH
Loading...
()
] – these builders aren’t part of the problem, Cramer said, “They are the problem.” They flooded the market with tons of new homes, driving prices down, and they’ll just use the new cash to continue to do so – all at the expense of the average mortgage-paying American.
Hey, forget about homeowners. Forget about giving that $6 billion to the Federal Housing Authority so it can guarantee much-needed mortgage refinancing. Instead, Washington would rather reward the people who caused this mess in the first place.
Cramer won’t stand for it, and he doesn’t want you to, either. That’s why he urged viewers Friday to call their respective Congressmen and demand they roll this bill back.
“Tell your representative,” he said, “to stop trying to bulldoze your home’s value.”
What would motivate our elected representatives to propose such legislation? Cramer might have the answer. Watch the video to find out.
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes
