Jim Cramer has been very critical of the SEC and the Federal Reserve all year. He made headlines across America last year with his infamous rant -- “They know nothing!” -- about Ben Bernanke and the Fed. Lately, Cramer has been calling for the SEC to bring back the uptick rule and stop the illegal practice of naked short-selling.

Cramer has been adamant that the lack of action from the SEC has created much of the market chaos. However, he was pleased with the Fed's bailout of AIG (AIG), which he says was just too big to fail.

No matter who is to blame for the problems in the U.S. financial system, Cramer is going to adjust to the situation and find ways for his viewers to make money. That’s exactly what Cramer wakes up every day to do, so don’t miss out on the action.

Recently, Cramer found opportunity in companies standing up to hedge funds, in stocks the SHO list and in the market chaos. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog post links require a RealMoney subscription).

Cramer’s Gems on the SHO List: Cramer sees opportunity in stocks that have been heavily shorted nakedly. In a Sept. 17 blog post, he wrote: “Again, I am not saying that these companies deserve to go higher; I am saying that they seem overly shorted and are hard to borrow, and those who are short them will have a hard time finding stock.” Cramer’s Gems on the SHO List include Sears (SHLD) and Under Armour (UA).

Cramer’s Winners Among the Rubble: Cramer has his eye on a number of stocks that he says are winners. In a Sept. 16 blog post, he wrote: “Today's the day that we actually consider winners and we pick among the rubble.” Cramer’s Winners Among the Rubble include Hewlett-Packard (HPQ).

Cramer’s Opportunity in Chaos: Cramer sees plenty of opportunity in the current market chaos. In a Sept. 15 blog post, he wrote: “At moments like this, you have to figure out what will be affected and what won't be, and you need to recognize that the interrelation of all stocks to these events is a false one.” Cramer’s Opportunity in Chaos include Celgene (CELG) and Hologic (HOLX).

Cramer’s Right & Good Stocks: Cramer says a bunch of stocks are right while others wail. In a Sept. 15 blog post, he wrote: “So much that is right and good here. And if you hate the market, again, still one more chance to go!” Cramer’s Right & Good Stocks include Home Depot (HD).

Cramer’s Stocks Standing Up to Hedgies: Cramer highlighted a number of stocks that are standing up to hedge funds. In a Sept. 12 blog post, he wrote: “Time to take the stocks out of the hands of the hedge fund managers gone wild -- it's ridiculous that 50% of the market capitalization has disappeared overnight without any diminishing of their core businesses and with a decline in the price of the steel they have to price to get the business.” Cramer’s Stocks Standing Up to Hedgies include Potash (POT) and KBR (KBR).

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Celgene and Hewlett-Packard for his Action Alerts PLUS charitable trust.)

Posted on Sept. 18, 2008