March 20, 2007
Take Cramer to the Woodshed!
This guy is unbelievable! How can he brag about "illegal activities" so openly? See the excerpt of an article published today by Investment News:
"In an interview for a financial website, Jim Cramer, the extroverted host of CNBC’s “Mad Money,” boasted about manipulating stock prices when he was a Wall Street trader..."
Does he think he is immune to the law of the land? He even goes so far as "goading the SEC".
"In the segment, Mr. Cramer gave advice on how to keep a profit on a short-position by driving a stock price down.
Although that is illegal, he said it was passable because, "the Securities and Exchange Commission never understands this."
He also commented: “What's important when you are in that hedge fund mode is to not do anything remotely truthful because the truth is so against your view, that it’s important to create a new truth, to develop a fiction.”
Dude, where is your brain? Do you watch the news where the SEC takes lawyers to jail who commit illegal acts? Are you still committing illegal acts? Does this remind you a little of Saddam Hussein and the WMD? Does he have them or not? Should we find out?
Wow, Jim you go where Angels fear to tread. Because obviously you are not an angel. You are just the kind of ammo the SEC needs to bring Hedge Funds under new regulations. You go Jim.
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