I have a slightly different 'take' on the Cramer 'interview'...

[PCIntern]

I for one could hear the trembling voice, the quaver of gut fear, the shallow breathing. Cramer is guilty of many more sins for which he has been called upon the carpet and is frightened that they were going to be exposed while he was on TDS. As the show progressed, you could hear the slight relief in his statements, that he would volunteer to assist in the cleaning up of this sewer which he himself created. Doubtless, he was prepared for the worst and, in a certain sense, escaped with his life, although those videos were confessions of criminal intent and actions.

One can imagine him tailking to the CNBC lawyers and execs. "At least he didn't mention....".

It's like Nixon: we never knew the whole story, so many could not understand why he didn't come clean early on. He had no idea what horrors would be exposed.

Same with Junior. We shall see...or we won't.

[4lbs]

1. "At least he didn't mention how I was one of only a handful of people that made lots of money

investing with Madoff."


:evilgrin:

[liberal N proud]

2. Cramer calls himself a reporter - Clearly he is not

All Cramer ever did is repeat something someone else said. He never investigated any of it for fact. Then he sold himself as a reporter.

[ejpoeta]

5. i thought that WAS a reporter. /snark.

[arcadian]

10. I thought he intentionally created stories to manipulate the market.

That's out and out fraud.

[liberal N proud]

11. I think Stewart called him on that in the interview

It was subtle but he did mention it.

[AndyA]

3. I think this is the beginning of the end of Cramer and CNBC

The network has been exposed for its partisan journalism, and few trust them any longer. Their morning guy, Mark (something) is a real piece of work as well, obviously a right wing enabler.

Cramer and CNBC have done a huge disservice to their viewers, and trust, once lost, is difficult to obtain again. I look for major changes at the network in the coming months as viewership declines. They have zero credibility now, no one will believe what they say, their dirty underwear has been exposed.

I think Cramer going on Stewart's show was disaster control, otherwise he wouldn't have done it. Cramer had to know he was going to take a beating, but he did it anyway.

At least his show is appropriately named, Mad Money. And that's all it should be: no investments, no retirement advice, just advice on a small amount of "mad money" that you spend on a Saturday afternoon of shopping.

[bigscott]

4. but

maria bartiromo is HOT!!!!

:sarcasm:

[AndyA]

7. Perhaps some magazine will offer her a few bucks to expose it all?

That ought to be enough to get her down the road a few years in the lifestyle to which she is accustomed.

Maybe she and Cramer could do a porn flick together...nah...no one would want to see Cramer nude!


:rofl:

[stray cat]

6. Maybe - but my impression is his inadvertant role in people losing so much has shaken him

He did not have to come on the Daily Show. I am shocked he was willing to put himself through it. No one else that I have seen got grilled for the entire show

[Vinca]

8. The real question that needs to be answered is whether the Cramer

of bells and whistles is the Cramer of 2006 in disguise. Is he trying to give good advice or is he - and possibly the entire network - engaged in market manipulation for their own gain? Justice should be all over these people.

[KharmaTrain]

9. Damn Right He Tried Damage Control...

The games of Greed Central are not new...I was shown how this network manipulated the markets back in the 90's. Lots of dirty little secrets in how that network operated and made money. Unlike the old stock market networks, like Bloomberg, that specialized in strictly numbers, earning reports and little analysis, Greed Central felt they had to "sex" things up...blur the line between information and entertainment...and this opened the doors for years of misinformation...much of it very well known to all involved...except the viewers.

One such trick were brokers and companies buying air time. Either they pay to get on as an "expert" or the corporates would feather GE's nest with a large advertising buy...either way, the fix was in. The CEO or some "pundit" would get on and say how great a buy a stock or porfolio was and you could just hear the phones ringing with the buy orders. In one case, I was alerted to, a dot com was planning to go "public"...or an Initial Public Offering. The company was nothing more than a website run from someone's bedroom. The "CEO" was interviewed on CNBC (paying his way to get the interview)...and no sooner did trading on the new stock begin, then the price nearly tripled in the first few hours. The principals yanked their money out (plus big profits) and the suckers were eventually stuck with worthless paper.

This scam had gone on for so long, many assumed this is the way it should be. As long as people were making money, no one dared to upset the applecart. Now that millions have seen their savings wiped out, NOW people want answers. In many cases, those who got burned, got what they deserved.

[Waiting For Everyman]

12. "At least he didn't mention... " (Patrick Byrne and Overstock?)

I didn't hear that specifically referred to, unless I missed it.

http://www.deepcapture.com/category/2-the-journalists-tried-to-be-players-but-became-pawns/

You'll have to read the whole article for what Cramer did, but here's a snip of Byrne's story...

The day our earnings press release appeared (with my letter embedded in it), Larry Kudlow & Jim Cramer of CNBC invited me to appear on their TV show. I had been on Kudlow & Cramer once or twice by then and they seemed like smart, decent fellows, so I agreed, and drove to the studio in Salt Lake City from whence one does remote interviews. This interview was different from our prior ones, however, in that they attacked me aggresively. The basis of their attack was my use of the mysterious phrase, “Gross profit,” in my discussion of Overstock’s financials. Cramer in particular berated me as if he had caught me in some heinous incantation. They gave me a brief moment to respond, then quickly signed off.

As I drove away from the studio feeling somewhat mystified, my cell phone rang. The caller was a man from deep within Wall Street “smart money” circles, someone known widely within the hedge fund community, who has been friendly to me, and even has looked out for me when he could. He speaks in charming if profane emphatics.

He said, “You know what just happened, don’t you?”

“What do you mean?” I asked.

“You want to know what just happened? I’ll f—ing tell you what just happened. Here’s how it works. Those two guys are part of the short-seller community. Cramer especially is part of this ring of hard-charging short-sellers on Wall Street. I’ll bet you anything that one of his buddies is short your company. Whoever it is saw your earnings release, saw you blew your numbers away, got on the phone to Cramer and said, ‘Don’t you dare let this thing start moving. Don’t you f—ing dare let this move!’ So Cramer goes on TV and screams that nonsense at you. I bet my last f—ing dollar that’s what happened. It’s been like this all my career, but it’s never been like this.”

Or... I haven't searched it out yet, but I wonder if CNBC did any whitewash interviews for Madoff in times back, before it became "news" to us? Or any discrediting of the Madoff whistleblower (Markopolos)?

[PCIntern]

13. Ed Zachary what I'm talkin' about....

there's so much more to this...

[Waiting For Everyman]

14. Another interesting page - on the founder of the DLC and Cramer's mentor

http://www.deepcapture.com/category/1-the-players/

I read this whole site before, but must've forgotten a lot. A lot of mindblowing stuff is there, on the manipulation of stock via the financial media. Interesting, that it was written before the crash. Byrne is another whistleblower who was ignored.

This is more proof that it was known that a horrific crash was coming. And we see how that fact was intentionally covered up.

Wall Street (especially the banks and friends), the financial media, and the risk analyzing companies set this off... for big profits to themselves. Byrne says on this page dated a year ago that he's amazed that Cramer hasn't been indicted yet.

But the connection to the DLC is most interesting too, and explains a lot in light of some of Clinton's "mistakes"... for instance, signing Gramm's Commodities Futures Modernization Act, which enabled most of this mess, by de-regulating derivatives.

And the DLC are still trying to water-down any legislation to help us recover from this. Now I see why. That in itself - their background and involvement in this - needs an investigation before the Repubs expose it.