Wednesday, March 11, 2009

Video of the Week -- How is Jim Cramer not in jail right now?

I'll admit it. Sometimes, when I'm flipping through the channels at night, I occasionally stop on Jim Cramer's Mad Money. The guy's entertaining. It's annoying that he yells every word at the top of his lungs, but he's either really smart about the overall stock market, or has a great short-term memory. Plus, he hits a lot of funny sounding buttons!

Well, it seems that he and Jon Stewart are in a bit of a feud right now. Gotta say, even before watching this video, I was on Stewart's side:

And if you're not on Stewart's side yet, watch this interview with Cramer from 2006:

Yes, you really DID hear him say such things as:

"You can't foment. That's a violation... But you do it anyway because the SEC doesn't understand it."

"When you have six days and your company may be in doubt because you are down, I think it is really important to foment."

"What's important when you are in that hedge fund mode is to not be doing anything that is remotely truthful, because the truth is so against your view. It is important to create a new truth to develop a fiction."

How has this guy stayed out of prison, much less have a popular TV show?


HCP said...

FYI-Jim Cramer will be on the Daily Show tonight. Can't wait to see this exchange.

Lord Bling said...

It was a travesty. Cramer got his ass handed to him, and didn't even put up a fight. In fact, he was apologetic, but careful not to take any specific blame. He sounded like a defendant on the witness stand.