Cramer's Stop Trading!: Emerson, NYSE

Jim Cramer declares on his 'Stop Trading!' segment on CNBC Tuesday that every taxpayer should be able to participate in the GM IPO.

Author:: Andrea Tse
Publish date:: Aug 3, 2010 3:39 PM EDT

NEW YORK (TheStreet) -- Jim Cramer declared on his Stop Trading! segment on CNBC Tuesday that every taxpayer should be able to participate in the GM IPO.

"We should take this thing to the next level," Cramer said.

Cramer added that bank stocks that were TARP recipients went through the roof, but taxpayers didn't benefit -- and that scenario shouldn't be repeated with GM, where the board and unions would stand to "make a lot of money, but the taxpayer gets nothing."

In Cramer's opinion, warrants on TARP banks should have gone to everyone.

"We bailed out

Morgan Stanley

(MS) - Get Report

-- they paid themselves a lot. We bailed out

Goldman

(GS) - Get Report

-- they paid themselves a lot," Cramer lamented.

Cramer said unfair scenarios such as these have occurred in the more distant past as well, citing the government bailout of

Conrail

that eventually benefited just the wealthy.

On a separate note, Cramer also said he liked the quarters of

Emerson

(EMR) - Get Report

and the

New York Stock Exchange

(NYX)

. Cramer likes that Emerson had "huge" growth in America and "terrific" growth in Europe.

Cramer also congratulated NYSE CEO Duncan Niederauer for delivering a "monster" quarter in what could have been an "awful" quarter. Toward the end of the segment, Cramer posited that

SBA Communications

(SBAC) - Get Report

and

American Tower

(AMT) - Get Report

will be getting more business with the popularity "data hog" phones.