Cramer's 'Mad Money' Recap: Google's World

Schmidt also defended his company when asked about potential anti-trust concerns by saying that Google can be big without being evil. He explained that Google does not trap its users into a single way of doing things and always ensures there's a competitive marketplace.

Finally, Schmidt said that Google has not yet determined the best model for advertising on its YouTube video sharing site, but is working to monetize the property. Likewise, he offered little guidance on the company's upcoming Android mobile operating system, saying only that it will be released before year's end.

Outrage of the Day

In this segment, Cramer took aim at the Securities and Exchange Commission for its decision to rescind its ban on the naked shorting of the bank stocks.

Cramer said without this rule, we will likely see continued pressure on these stocks and the possibility of additional bank failures. He again advocated extending the ban on naked shorting to all stocks.

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Read more of Cramer's Mad Money Lightning Round insights.

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