Hedge funds were left scrambling after the news of the Cayman Islands bailout by Mitt Romney's international financial firm, Bain Capital, was released Wednesday afternoon.
"That one is not good," Jim Cramer told CNBC's "Squawk Box." "That will take dollars and cents out of the investments in this world."
Cramer said he doesn't want to hear anything more about this scandal.
"This is a crisis that this country has not seen in so many decades," he said. "I hope everyone is sitting back, letting the media sort out the details. But on this one, the GOP is too divided and compromised and too undisciplined, to deal with this properly."
Paul Singer, founder of Elliott Management, and other Republicans met with Speaker of the House John Boehner Wednesday to push him to bring up a bill to restrict legal U.S. firms' foreign investments, CNN reported.