In the "Stop Trading" segment, Cramer said the nation's central bank is "asleep" and should immediately "relieve the pressure" on financial firms and the nation's home owners who are facing big increases in their mortgage payments as 'teaser' rates expire. Many thousands will "lose their homes," he warned. "This is not the time to be complacent."I'm honestly shocked that he'd be making these statements. My impression of Wall Street is that it represents the most libertarian anarcho-capitalist extreme of the Christ, Capital, Consume triumverate. They put greed and profit first, and if the little guy gets squashed, too bad. Cramer on the other hand seems to be predicting the next great Depression should the Fed fail to protect consumers and homeowners. Can this be right?
I'm both confused and impressed.
