NEW YORK (
) -- While Jim Cramer believes it's a good idea to have an excise tax on big bonuses for anyone who took TARP money, he said during Tuesday's "Stop Trading!" segment on CNBC that we can't tax banks that we need to make loans.
"We can't tell these banks to lend and then take what they have to lend," Cramer said. "I wonder if Tim Geithner really believes this is the right way to go."
Cramer is referring to reports today that President Barack Obama is considering placing a fee on financial services firms as part of his fiscal 2011 budget.
on Tuesday acknowledged some conflicts with clients, saying they might have shared information with some clients before sharing it with others. The brokerage firm is being criticized for shorting collateralized debt that it was selling.
"Was there anyone that didn't know Goldman was shorting this stuff?" Cramer said. "They told everyone."
, a stock Cramer owns for his Charitable Trust, announced on Tuesday that weak refining and marketing operations will hurt its fourth-quarter results.
But Cramer said production was up 9%, better than other oil companies. "This was not bad news; this was good news," Cramer said. "This wasn't a guide-down."
-- Reported by Jeanine Poggi in New York.
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