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617 Comments
- inactive, on 03/11/2009, -52/+657The ***** should be in jail, not on CNBC.
- DPDish12, on 03/11/2009, -22/+376***** him and ***** Wall Street too.
Think of the scheme these people have dreamed up for themselves. It's virtually impossible for them to lose and for you to win. If they get smoked by the market, like they have over the past 6-12 months, while they may lose millions, it's a drop in their bucket. You, on the other hand, watch your retirement savings and other investments all but evaporate. You can't hope for them to lose, because you're tied up in everything they do; whether you like it or not.
Look at the price of oil. It spiked to $150/barrel last year. Why? Because a bunch of ***** oil speculators felt they could push the price up and keep pulling out profits. Oh, it's all based on global demand and dwindling supply they say. ***** YOU it is! And now the price (albeit during a recessionary period) sits around $50/barrel. And no one says a word. No one questions this?
These people sit atop their piles of money and think they can spin the world like it's a freakin' top. It's complete ***** and something has to change. - glasnostic, on 03/11/2009, -13/+340i hope Stewart gets his hands on this prior to Cramer's visit to TDS today. this would be a great clip to play right before he comes on stage.
- diskit, on 03/11/2009, -12/+249Stewart put it best: "***** YOU!!!"
- dn11, on 03/11/2009, -12/+152"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"..."then leak it to CNBC, that's also very important"..."It's a pretty good game"...
- ScienceDoc, on 03/11/2009, -11/+142"thanks to CNBC, I would have a million dollars now, if I started with 100 MILLION!". Don't forget these idiots are owned by GE. That is definitely not liberal media. That is corporate manipulation of the stock market. How is that legal?
- mrc1ark, on 03/11/2009, -30/+157accurately predicting the stock market for any given day or week is pretty much impossible. anyone who tells you they can (including Jim Cramer / anyone else at CNBC) is pretty much just lying to you. maybe they have fooled themselves into thinking they can do it but then they are just crazy.
- TheTexasHeat, on 03/11/2009, -6/+113I think you might have missed the point. Cramer knows that it's not about the truth of whether or not a company is actually viable, it's that if you have just enough capital, you can actually manipulate the market in the direction you want and even a percentage point or 2 can make you very rich when you are dealing in the 10-20 million dollar range. Of course, in the end, when the bell tolls and your bills are due, the truth finally does start to come out.
The dude is an absolute crook. But he also knows the truth about Wall Street and how the game is played. Luckily for all of us, the dude is also an idiot loudmouth. - raguru, on 03/11/2009, -16/+122This is crazy.
- inactive, on 03/11/2009, -12/+96Jim Cramer: open mouth, insert foot. "I screwed people to make money". Jim--you're a Wall Street hooker.
What a tool.
And oh yeah...what Jon said to you I shall gleefully repeat:
***** YOU! - Shadic, on 03/11/2009, -6/+80Assuming we're on the same page, you forgot Coulter.
- TheJimid, on 03/11/2009, -8/+79He doesn't have a sound effect for how depressing this is to anyone who invested a dime on his word.
- mnpilot, on 03/11/2009, -10/+79I think he's trying to corner the Frozen Orange Juice market.....
- ballardr, on 03/11/2009, -8/+77This is what CNBC is entirely based on.
- AgeofMastery, on 03/11/2009, -10/+78Then wouldn't the fact he's getting reamed here just prove that unlike the Republicans, liberals can and will condemn one of their own for their actions
- danielrh9, on 03/11/2009, -15/+83Stewart is going to CRUCIFY this guy. And he deserves every bit of it.
- Avaseal, on 03/11/2009, -0/+63He agreed to appear on the Daily Show this Thursday..should be interesting.
- orlyfactor, on 03/11/2009, -14/+62Hey Cramer...***** YOU!
- therebis, on 03/11/2009, -13/+60The next financial that should be regulated is the hedge fund sector.
- ironhide, on 03/11/2009, -18/+62Cue the Cramer apoligists and the tea baggers, oops, tea party supporters.
- MelekTawus, on 03/11/2009, -2/+45Does it matter? Douchebags come in all political affiliations.
It's actually a good point to bring up, on second thought - proof he's not being attacked for his political affiliation. - BESTenemy, on 03/11/2009, -3/+42Some Cramer quotes:
March 11 2007: Jim Cramer "Bear Stearns is Fine"
October 4, 2007: "Bank of America is now the cheapest and the best and I have to admit that as much as I like Wachovia I think Bank of America is going to $60 in a heartbeat."
December 5, 2007: "Obviously AIG is not going bankrupt. The insurance company is well capitalized."
February 1, 2008: "That's why the market won't quit no matter how poorly actual companies are doing".
June 13, 2008: "Very simply I believe that means it's time to buy, buy, buy."
Oh, and he called market bottom at 12 500 DOW. - liberD, on 03/11/2009, -47/+86What to do Jim Cramer, Rush Limbaugh, Bill O'Reilly, GW Bush, Dick Cheney, Donald Romsfeld and Rupert Murdoch all have in common?...they all have one and are one.
- datacowboy, on 03/11/2009, -4/+42The uncovering of this video is not new. But I am glad that Jon Stewart's involvement is bringing more attention to it. Our stock market is brimming with crooks and manipulators. And our government has continually looked the other way. It took the absolute cratering of our financial sector for them to moderately address naked shorting.
- fastpass, on 03/11/2009, -8/+44Why are we lining up conservatives vs liberals or Dems vs Reps.? We all lost money because of greed. Regulation is the problem and it can be fixed. Contact your representatives no matter what their party and let them know that we are tired of this situation. Take the time to write something that will produce something positive instead of responding to internet articles with insults and slams. What a waste of energy.
- elhaf, on 03/11/2009, -2/+36He's also a lifelong male, as far as I know, as am I. That doesn't make him any better.
- kareemachan, on 03/11/2009, -5/+39Gimme some popcorn!
- pradaaddict, on 03/11/2009, -7/+40He's right you know, every fund manager does this, every company tries to manipulate their stock, and lots of people with interest in stocks do it too. Everytime you see some random blog coming up with Apple rumors of some great new amazing netbook or whatever is hoping the stock will go up as a result. Everytime someone slams a company and criticizes their practices or even uses the word "over valued" be skeptial as they may be shorting that stock. But you can bet your ass that the SEC watches Cramer like a hawk for that kind of activity since he got his own show.
Where I see the problem is that he doesn't think this is unethical behavior. Everyone else on The Street did it so he had to as well to stay competitive. Ethics don't exist on Wall Street, only Competition exists. The firms will find dogs like Cramer and train them for blood, they will claw, bite and step over anyone to get their way. It's who they are and who they will always be. - sousademiami, on 03/11/2009, -6/+39I think my mind would explode from awesomeness if that happened.
- wild, on 03/11/2009, -1/+32I have always wondered how going on TV and telling people to buy a specific stock isn't conisdered tampering with the marketplace.
- lilmentor3, on 03/11/2009, -8/+39the blind, anarchic struggle for profit comes at the expense of human needs for the vast majority
....
:\ - AmazingSteve, on 03/11/2009, -3/+34Jon Stewart is going to eat this clown's lunch for him.
- snotrokit, on 03/11/2009, -8/+38Get him a ***** cell next to Madoff.
- LeftieLucy, on 03/11/2009, -3/+31This has nothing to do with party affiliation. It has to do with him being an *****.
- m3arvk, on 03/11/2009, -1/+27Couldn't agree more about the oil thing. It shows how ***** up things are when egregious market manipulation isn't even news.
- wherearemymeds, on 03/11/2009, -1/+26Yes, he is a tool alright. But why feel bad for him? He's chosen freely to make decisions repeatedly to manipulate others for HIS gain--ie his ownership in indexed companies and his over the top show, for starters. Do you really believe that this tool hasn't attached himself to the bigger entities who "are raping us from behind the scenes"??
He's CHOSEN to make some ***** decisions to better himself at other peoples' expense out of no higher purpose than greed.
He didn't sacrifice himself--he whined like a bratty two-year old because OMG, a comedian, of all people(!) picked on him. - solistus, on 03/11/2009, -0/+25rahsut: where'd you hear that, a hedge fund manager's advice? Keep repeating it over and over even as the market drops 50% in value over less than two years...
Money doesn't magically beget more money. The best long-term strategy for wealth creation is to GET A ***** JOB. We've lived under the wonderful illusion that investments will always trend strongly positive, but this economic crisis is proving that much of the last couple decades of 'growth' has been nothing more than a house of cards.
Welcome to late capitalism. Money is totally divorced from reality and markets follow their own cycles unrelated to business performance and production. There are some great clips from Jim Cramer of all people, talking about how the market is invincible and even if real companies perform poorly, the market will continue to grow forever. There are also clips of him pre-housing crash admitting that assets are becoming horribly overvalued but encouraging people to keep buying them with the expectation that they would become even more overvalued. "It sounds crazy," he said, but he insisted that it was a viable long-term market trend rather than a bubble ready to burst. - devophl, on 03/11/2009, -1/+26The sad part of all this is that big investment firms have been doing this for at least 2 decades. OK, they've been doing it longer but only in the last two decades have these guys gotten big enough to manipulate the market. If there is one thing that really bothers me about companies like Morgan Stanley is that you hear them upgrade or downgrade a stock. Once that happens, the stock price moves... often a minimum of 5%. Since they are the ones putting out the information, they essentially have the insider information needed to profit from that move.
Lets face it market manipulation is part of the game. Just look at the volatility, which is required by day traders to make money. Just look at the huge bubbles. Oil would never had made it to$147/barrel if not for the stock analysts screaming "oil is going to $200/barrel so buy... buy... buy!!"
What's sad is that Wall Street has this huge hammer they hold over every public company. It's Wall Street's way or the highway. If you don't make Exxon like profits, your stock is going to tank. Make a stock analyst mad and you can count on your stock losing 5-10% of its value overnight. American business is paralyzed by Wall Street and until we break Wall Street's hold on American enterprise, our economy is not going anywhere!
So, I'm not blaming Cramer, who is essentially telling it like it is. But us greedy folks are too blind to realize that out of all of this they're getting rich and we're getting the shaft! - nbcaffeine, on 03/11/2009, -0/+25This video is all over the forums at the Daily show's website, so it is unlikely to go unnoticed. I'd be surprised if he didn't cancel his appearance. Going in there after all that nonsense is out there would be quite, erm, uncomfortable.
- ironhide, on 03/11/2009, -7/+31So the daughter of a former president, without a public office or media position is a hedge fund manager......and?
- m3arvk, on 03/11/2009, -1/+25Great fodder for his interview with Jon Stewart, don't ya think?
- kareemachan, on 03/11/2009, -2/+25Unfortunately, he was spot-on in his assessment of the SEC. They basically have been sitting on their asses for way, way too long. They have a lot of explaining to do...
- DCTBSBN, on 03/11/2009, -35/+57I used to respect him
Note "used" - Deeh, on 03/11/2009, -11/+30I feel bad for him. I think he's just a tool. There are thousands of criminals on wall st and this guy is catching a lot of flack and blowback for their *****.
I'm not saying he isn't a douche, just that he's a corporate tool sacrificed to the mob to quell their anger, and that the big shots are still raping us from behind the scenes. - dagamer34, on 03/11/2009, -3/+22I think you are confusing CNBC with MSNBC. CNBC does little, if any, political reporting.
- scottk59, on 03/11/2009, -6/+25One of the Bush twins is married. I guess that's all I have to say.
- Jeremy82465, on 03/11/2009, -7/+25That doesnt surprise that its all you have to say.
- glasnostic, on 03/11/2009, -0/+18sorry.. i meant he will be on the show thursday.. i guess my excitement has propelled my brain into the future or something.
- freedomjoe, on 03/11/2009, -1/+18just for starters:
GENERAL ELECTRIC --(donated 1.1 million to GW Bush for his 2000 election campaign)
Television Holdings:
* NBC: includes 13 stations, 28% of US households.
* NBC Network News: The Today Show, Nightly News with Tom Brokaw, Meet the Press, Dateline NBC, NBC News at Sunrise.
* CNBC business television; MSNBC 24-hour cable and Internet news service (co-owned by NBC and Microsoft); Court TV (co-owned with Time Warner), Bravo (50%), A&E (25%), History Channel (25%).
The "MS" in MSNBC
means microsoft
The same Microsoft that donated 2.4 million to get GW bush elected.
Other Holdings:
* GE Consumer Electronics.
* GE Power Systems: produces turbines for nuclear reactors and power plants.
* GE Plastics: produces military hardware and nuclear power equipment.
* GE Transportation Systems: runs diesel and electric trains.
==================================================
WESTINGHOUSE / CBS INC.
Westinghouse Electric Company, part of the Nuclear Utilities Business Group of British Nuclear Fuels (BNFL)
whos #1 on the Board of Directors? None other than:
Frank Carlucci (of the Carlyle Group)
Television Holdings:
* CBS: includes 14 stations and over 200 affiliates in the US.
* CBS Network News: 60 minutes, 48 hours, CBS Evening News with Dan Rather, CBS Morning News, Up to the Minute.
* Country Music Television, The Nashville Network, 2 regional sports networks.
* Group W Satellite Communications.
Other Holdings:
* Westinghouse Electric Company: provides services to the nuclear power industry.
* Westinghouse Government Environmental Services Company: disposes of nuclear and hazardous wastes. Also operates 4 government-owned nuclear power plants in the US.
* Energy Systems: provides nuclear power plant design and maintenance.
================================================================
VIACOM INTERNATIONAL INC.
Television Holdings:
* Paramount Television, Spelling Television, MTV, VH-1, Showtime, The Movie Channel, UPN (joint owner), Nickelodeon, Comedy Central, Sundance Channel (joint owner), Flix.
* 20 major market US stations.
Media Holdings:
* Paramount Pictures, Paramount Home Video, Blockbuster Video, Famous Players Theatres, Paramount Parks.
* Simon & Schuster Publishing.
=============================================
DISNEY / ABC / CAP (donated 640 thousand to GW's 2000 campaign)
Television Holdings:
* ABC: includes 10 stations, 24% of US households.
* ABC Network News: Prime Time Live, Nightline, 20/20, Good Morning America.
* ESPN, Lifetime Television (50%), as well as minority holdings in A&E, History Channel and E!
* Disney Channel/Disney Television, Touchtone Television.
Media Holdings:
* Miramax, Touchtone Pictures.
* Magazines: Jane, Los Angeles Magazine, W, Discover.
* 3 music labels, 11 major local newspapers.
* Hyperion book publishers.
* Infoseek Internet search engine (43%).
Other Holdings:
* Sid R. Bass (major shares) crude oil and gas.
* All Disney Theme Parks, Walt Disney Cruise Lines. -
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