Cramer Cracks Spitzer Joke While Discussing New Paulson Plan

While discussing Henry Paulson's new regulatory plans on CNBC Monday morning, talking head Greg Valliere, a Chief Strategist at the Stanford Washington Research Group, cracked that he needed to take a Jim Cramer moment and rant about how "rewarding" the Fed with more regulatory power was "like putting Eliot Spitzer in charge of the morals division," to which Cramer, without missing a beat, quipped back, "Well, I wouldn't necessarily make the Fed Client No. 10."

Watch the video:

(From CNBC 3/31)

Comments

[cynic]

Any "overhaul" of financial markets regulation and oversight that is endorsed by Harvey L. Pitt has got to be bad for the common man, the health of the financial markets, and for anyone who isn't super-wealthy (not rich, but WEALTHY)

This plan should be DOA