CNBC's Cramer: New York AG Cuomo a 'Communist'

News story after news story has warned of the dangers to the housing market. The Democratic response is more regulation. 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.”

“[W]itness the fact that right now, the most important man in America for the stock market – the most important man and I mean it negatively is this guy Andrew Cuomo, the New York State Attorney General,” Cramer said. “I’m getting tired of the New York State Attorney General being the most important man in America.”

Then Cramer really went on the attack, even comparing Cuomo to his politicized predecessor Eliot Spitzer. “Cuomo’s about confiscation – genuine communist,” Cramer said. “The Chinese are capitalists, we got a communist.”