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Sen. Kaufman on Goldman Settlement, FinReg

Tuesday, 20 Jul 2010 | 9:21 PM ET
Wall Street vs. Wall Street
Cramer offers insight into where there this market stands, with Sen. Ted Kaufman (D-DE).

Cramer recently has been down on the Securities and Exchange Commission, saying, “The lifeguard is off duty.” He’s been mad that the market regulator wasn’t doing enough to protect retail investors. But now he is starting to see “some encouraging signals that the regulators are getting back on the case.”

These signs, along with the passage of financial reform and Goldman Sachs’ $550 million settlement with the SEC, made Cramer want to check in again with Senator Ted Kaufman, D-Del., “who understands these issues better than anyone else in Washington,” the Mad Money host said. Kaufman is fighting to restore the rule of law on Wall Street and make the markets safe again for “the little guy.”

“He’s on your side,” Cramer said. “I can’t think of anyone better to help us understand the new post-FinReg world.”

Watch the video for the full interview.

When this story published, Cramer's charitable trust owned Goldman Sachs.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

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