Phillip Jain

AIG: The Cramer Conspiracy Theory

I believe hedge funds DID bring down BSC down, by spreading rumors, and pulling their funds from it, AND then profiting by shorting it. Sort of taking a life insurance policy on your postman and then stabbing him in the back to collect it. It is NOT the shorting that is bad, it is the underhand tactics. However, how do you stop the backroom antics and setup? When the Bush Admin, SEC, FED/Greenspan couldn't 'understand' the scale of derivatives, who is going to figure out these smart Wall street sharks?