“ought to be looking at” Cramer

[lame54]

http://crooksandliars.com/nicole-belle/former-congressman-wants-investigatio

From C&L:

Oopsie-daisies. Talk about your unexpected consequences. The highly-blogged about tête-à-tête between Jon Stewart and CNBC's Jim Cramer has exposed the very ugly underbelly of how the former hedge-fund manager made money before his TV career. Former Congressman Tom Davis (R-VA) says it's time some investigator takes a closer look at Cramer:

CNN reporter Jim Acosta reflected on limited regulation of hedge fund’s and how they attracted “wealthy investors.” He then turned to former Rep. Tom Davis, R-Va., once chairman of the House Government Reform Committee, who said Cramer’s the reason hedge funds should be considered for more regulation.

“I think he’s become a poster child for why hedge funds need more regulation and transparency,” Davis said.

When asked if what Cramer said was illegal, Davis admitted that it was not, but “should be. He may well have crossed the line.”

Davis suggested the powers that be “ought to be looking at” Cramer’s confessed manipulation from 2006. “I think the tragedy is over the last few years nobody’s been looking at this at all.”

Wow. A Republican calling for more regulations and ethics over the interests of the oligarchy? Will wonders never cease?

Watch the video:

[Skink]

1. Jim Cramer should become like Kevin Mitnick.

Put him to work for the SEC.

[Catch22Dem]

2. This is a repub making a case for regulation?

Not sure what to make of it.

[stillcool]

3. From the way I interpret...

Republican-speak that means 'investigations' will find Cramer crossed the line, but he's the only one.

[Mike 03]

4. We used to use Jim Cramer as a contrary indicator. If he would rec a stock, we would

either sell it or short it, and vice versa.

In fact, we actually PAID for his stock service, for that very purpose.

That's what I think of Jim Cramer. And CNBC generally.

[Mike 03]

5. K&R. NT

[lame54]

6. .