Cramer's 'Mad Money' Recap: It's a Mad, Mad Whirl

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Since its merger with Maytag, Whirlpool's (WHR Quote) business has boomed, and Cramer said on his Mad Money TV show Thursday that the appliance maker can make you a lot of money.

The merger has helped the companies reap $250 million in cost savings, and it now boasts a 75% market share.

But it was almost a deal you couldn't get in on.

Whirlpool was able to get around the Sherman Antitrust Act, which makes monopolies illegal, to merge with Maytag, said Cramer. The single worst piece of business legislation had at last been overcome, Cramer said. Wall Street likes nothing better than a monopoly.

Earlier this year, the government allowed Maytag and Whirlpool to merge because the companies told the government that Whirlpool's private-label brand, Kenmore, would still compete with the merged entity.

(That was good news for retailer Sears(SHLD Quote), which Cramer owns for his charitable trust, Action Alerts PLUS.)

However, according to Cramer, the companies should never have been allowed to combine. Now, after the merger in which Whirlpool acquired Maytag for about $1.7 billion in stock and cash -- it created the world's dominant global appliance maker.

Not-So-Boring Insurance

It is a good time to be in insurance companies, Cramer said. The best play in this sector that he recommended buying is Allstate (ALL Quote).

The best thing about insurance companies is that they want to take care of their shareholders, not policyholders. Friends are a tertiary concern on Wall Street, he said.