If there was ever any doubt that Cramer is a total know-nothing buffoon...
A recent New York Times article 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.”
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