Cramer Calls Cuomo Out

This is great – Jim Cramer went off on AG Cuomo last night on ‘Mad Money’ and called him a communist for trying to shut down the mortgage industry. Check it out:

CNBC's Cramer: New York AG Cuomo a 'Communist' – Business & Media Institute

The Democrats, in the supposed interest of 'helping the poor,' are trying to impose regulations on the lending industry that will ultimately make it difficult for low-income families with good credit to purchase homes. The institutions that made the risky sub-prime loans have already been punished by the market, more regulation is not the answer.