CNBC’s Jim Cramer blasted that strategy in his “Stop Trading” November 7 “Street Signs” segment. He labeled New York Attorney General Andrew Cuomo a “communist” who “wants to shut down the mortgage market.”
“Why doesn’t he just destroy any opportunity we have to move the $1.25 trillion in houses that are just sitting on the market right now?”
“Can I give you the real headline?” Cramer said. “Cuomo says let’s make it harder to get a mortgage, let’s make it harder to lend. Is that really the intent of this Democrat who wants to be president of the universe?”
Cramer referred to him as “General Cuomo,” and “Street Signs” host Erin Burnett said CNBC had offered him an invitation to appear on CNBC, but he has thus far declined.
“Oh, he’ll come on in a second. He’s worse than [Connecticut Attorney General Richard] Blumenthal,” Cramer said. “He’d walk a mile for a camera.”
Thanks to the Banker's Law Blog for this second video . .
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