Skip to main content

"The administration has to present this as: 'If you vote against this, you want to kick people out of their homes,'" Jim Cramer said on Wednesday's "Stop Trading!" segment on CNBC, referring to the government's proposed bailout plan.

Cramer offered his opinion on four financial stocks.



, he said, is "a total loser. I think AIG would be down substantially if not for the reason you can't short."

He called

Freddie Mac



Fannie Mae


"interesting." Since you can't short them and since both companies -- and particularly Fannie Mae -- have portfolios that would benefit "greatly" from the government's plan, Cramer said, he can understand why some might see a rational for owning them and flipping them. But, he said, "I don't want to buy any dollar stock."

People see potential for

Washington Mutual


, too, he said. "There's a lot of people who feel like the moment the plan gets in, there's going to be a premium bid for Washington Mutual. I think that's just ridiculous."

Moving away from financials, Cramer said that if the rules against offshore drilling are done away with and "we actually open up our shores,



a big win, not just



." Transocean is the leader, he said, and "Schlumberger will follow."

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here. has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from