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RealMoney Radio: Dems Ahead of Class Action

Cramer says the election means that lawsuits will be back, and drug stocks will be sued.

Although this is not a political show, where the left vs. right is discussed, whenever there is a big election with a political shift, it is important to focus on the financial realities of such a change, Jim Cramer said on his

"RealMoney" radio show Wednesday.

"One such reality is class-action lawsuits," he said. "One area that nobody's talking about with the Democrats coming in is the repeal of the reform against class actions."

Cramer said he fears that one of the "unintended consequences" of the Democrats taking over the House is that the people who bring these lawsuits are going to be back, and drug stocks are going to be sued.

In addition, "we will not have any asbestos reform," he said. Today there is an article in

The Wall Street Journal

that says the asbestos companies are coming out of bankruptcy at the wrong time. But Cramer doesn't agree.

"By getting out of the asbestos morass before this change in Congress, these guys saved themselves," he said.

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