Jim Cramer told viewers of Wednesday’s “Stop Trading!” TV show that the administration has to present the proposed bailout plan as a vote for saving people from being kicked out of their homes. He said AIG (AIG) is a total loser and would be down much more if it wasn’t for the no-short list. Cramer said Freddie Mac (FRE) and Fannie Mae (FNM) are “interesting” and both have portfolios that would benefit from the government’s plan. He also mentioned that some people on Wall Street see potential in Washington Mutual (WM). “There’s a lot of people who feel like the moment the plan gets in, there’s going to be a premium bid for Washington Mutual. I think that’s just ridiculous,” Cramer said. He switched gears to talk about the oil sector. Cramer said if the rules against offshore drilling were removed, Schlumberger (SLB) and Transocean (RIG) would be big winners. Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com