"I haven't heard anybody say anything good about this plan all day today," Jim Cramer said on Friday's "Stop Trading! segment on CNBC, referring to the government's plan to bail out the financial industry.
"All I've heard is that everything's artificial and it's all bad," said Cramer. "I think the confiscation of
was bad. Honestly, I mean, nothing's worked. Why not try this?"
In response to worries that bringing the uptick rule back would be difficult, Cramer said it's not true. "You just slow things down, " he said. "There's a lot of ways to get around it? Well, you know what? It sure worked for a long time."
At the time of publication, Cramer had no positions in stocks mentioned.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, 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
TheStreet.com 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 TheStreet.com.