Jim Cramer's Take on Lew's Crackdown of Corporate Tax Inversions

The Treasury Department announced on Monday revisions to the U.S. tax code that would discourage U.S.-based companies from moving their headquarters overseas in an effort to reduce their tax bills. Jim Cramer says he asked Jack Lew back in July if there was anything the Secretary of the Treasury could do to stop inversions and he was told that it was up to Congress. So he was infuriated to learn that there are in fact steps the Treasury Department can take to make it more difficult for companies to strike tax-inversion deals, just as he had suggested months ago. Cramer says these inefficiencies in governance cause a tremendous amount of havoc. He says the only company he would buy off of all this is AbbVie. He also likes St. Jude Medical.