Stop Trading: Jim Cramer Says Taxpayers May Be Able To Participate In GM IPO

In his Stop Trading! segment on CNBC, Jim Cramer said that all taxpayers may be able to participate in the IPO of General Motors.

Cramer commented, "We should take this thing to the next level."

Moreover, Jim stated that banks that were benefiting from TARP shot up, but the benefit did not get passed on to taxpayers. This scenario should not be repeated with GM. According to him, everyone should have received warrants on TARP banks.

Cramer stressed that Morgan Stanley (NYSE: MS) and Goldman (NYSE: GS), which got bailed out, paid themselves a lot without paying taxpayers anything.

Shifting his focus, Cramer said he liked the performance of Emerson (NYSE: EMR) and the New York Stock Exchange (NYSE: NYX) in the latest quarter. He was impressed by the terrific growth seen by EMR in America and Europe.

Congratulating NYSE CEO Duncan Niederauer, Cramer said that the CEO delivered amazing results in a quarter that could have been "awful." While wrapping up the segment, he forecasted that SBA Communications (NASDAQ: SBAC) and American Tower (NYSE: AMT) “will be getting more business with the popularity ‘data hog’ phones.”

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