FED Cuts Rates by 1/4 Point

And the market is getting killed because of it. And Cramer calls the FED too complacent for their own good.

"I'm no longer fiery. They had their chance. I wanted to do a wake-up
call then, in August. ... That was when it still mattered," said Cramer, who had
been hoping for a 50-basis-point cut. He believes the Fed's unwillingness to act
"just made [Treasury Secretary Henry] Paulson's job much harder."