"We are in a perilous time. We need to have a Treasury secretary," said Jim Cramer on CNBC's "Stop Trading!" segment on Wednesday. "We're spending way too much time talking about things I don't care about right now."
Cramer said his first choice for Treasury secretary would still be Sheila Bair, not Timothy Geithner, but there was no time to debate it. "We don't have any choice!" he said.
"This is a point of national crisis," Cramer said. "We cannot let this continue. Thank goodness for
. There's a company that actually knows how to run a bank."
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.