Jim Cramer Called Andrew Cuomo A “Communist” For Worrying About Mortgages

12:03 pm EST March 27th, 2009 | Media | 8 Comments

An inconvenient flashback from 2007 from jim cramerthe man with the nerve to say he understands the market more than mere comedian Jon Stewart.

A recent article in The New York Times reviewing the record of New York’s attorney general, Andrew M. Cuomo, recalled that he had warned two years ago of the problems afflicting mortgages. In November 2007, Mr. Cuomo delivered subpoenas to Freddie Mac and Fannie Mae, and urged those quasipublic agencies to review Washington Mutual appraisals and mortgages that they held in their portfolios.

Mr. Cuomo argued that banks and appraisers had colluded to push prices higher. It is a marker of how swiftly the culture has changed that his charges, which now are received wisdom, struck Mr. Cramer in 2007 as the words of, well a …

“Communist.”

Take it away, Mr. Cramer.

“Cuomo’s about confiscation — genuine communist,” Mr. Cramer said. “The Chinese are capitalist, we got a communist.”

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8 Responses to “Jim Cramer Called Andrew Cuomo A “Communist” For Worrying About Mortgages”

  1. VanessaNYC says:
    March 27, 2009 at 12:27 pm

    Cramer wants people to like him. He’s a people-pleaser and he’s trying to get in with the cool (Republican) kids. I feel sorry for him, honestly.

  2. jr says:
    March 27, 2009 at 12:31 pm

    This follically challenged Mccarthyite uses the same talking points as shortwave radio birchtards like John Stadtmiller. CNBC president Mark Hoffman should be proud of his roster of black helicopterists

  3. ed says:
    March 27, 2009 at 1:11 pm

    I feel sorry for him, honestly.

    Really? I guess I can see that, but he’s still an asshole.

  4. PurpleGirl says:
    March 27, 2009 at 1:32 pm

    I watched the Cramer show once. I thought he was way over the top and crazy. I wouldn’t take his advice on anything.

  5. Zaius Nation says:
    March 27, 2009 at 1:36 pm

    Jeepers! You change your blog layout more often than I change my underpants.

    And Jim Cramer is getting to be about as relevant as eight-track tapes and card catalogs.

  6. ed says:
    March 27, 2009 at 7:17 pm

    Jim Cramer is a dildo and deserved the talking to he go from Johnny Stew.

  7. Luv says:
    March 27, 2009 at 9:19 pm

    You notice that all of the right-wingers who blamed Obama for every dip in the economy (even BEFORE he was elected) are mysteriously quiet about us gaining 21% of the market back in the last two weeks?

    Surely it can’t be Obama’s policies responsible for the rally? Even though he’s responsible for every single point lost at any given hour…

  8. Grumpymann says:
    March 28, 2009 at 12:23 pm

    The thing is there is a HUGE difference between “Value” and “Price”.

    Value is what something is worth to an individual. Price is what you pay.

    As long as we don’t forget that we should avoid this shit pile from happening again.