One day after calling New York State Attorney General Andrew Cuomo a communist, CNBC “Mad Money” host Jim Cramer appeared on the November 8 “Today” with another attack.
“No, he's not doing his job,” Cramer said to host Meredith Vieira, in his usual animated, over-the-top manner. “This is New York State. This is not the federal government. He is making it so that the very institutions we need right now to provide money for people are gun shy – Fannie Mae, Washington Mutual.”
Cramer went after Cuomo on the November 7 CNBC “Street Signs,” where he called the attorney general a “communist” because of his crusade against some mortgage lenders.
See the YouTube video after the break.
“This is all … the barn door, the horse has left,” Cramer added. “We don't go after these guys. We need more money in the system. We don't want to make bankers gun shy. That's throwing gasoline on the Kingsfords. You do that, what will happen is there's even fewer homes bought.”
Cramer also predicted a sharp spike in gas prices in the very short term.
“I still like oil,” Cramer said. “I think oil goes a little bit higher. It is monster. You'll be paying at the pump. You'll be paying $4 [a gallon] within the next six weeks.”