Cramer continued his diatribe against the Federal Reserve on Wednesday's Stop Trading!, saying the central bank's plan to inject more liquidity into the markets won't produce the same results that a 50-basis-point interest rate cut might have.
The Fed's plan is to give banks access to money aside of the discount window. According to Fed officials, banks can borrow for less and do so anonymously, since many institutions say there's a stigma that comes with borrowing from the discount window. Cramer called the plan an "offense that no one understands."
The financials – the very group that the Fed's plan is meant to help – were all down in Wednesday trading, Cramer pointed out.
“Where did they come up with this one?”
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