Cramer Pleads for a Fed Rescue as Bear Stearns Hit [View article]
Starting with Cramer: The best thing you can believe about him is that his advice is worthless, hyper, jibberish, the worst is that he is a shill for the Wall St crowd cultivating the mind set they want the public to possess. Why has CNBC stuck their neck out so far with this guy who is pretending to be an expert on everything? The surest indication that the sub prime problem is a problem for only a few Wall St firms and hedge funds is the fact that Burneke won't be accomodating them. The bankrupcies that come out of this will be in large part using the sub prime issue as a cover for other serious problems caused by the hedge funds reaching too far for big returns, naked selling for one. Going back, the Tech bubble was a windfall for many CEO's that would probably been in jail if the bubble burst hadn't come along and given them cover. Vic
Cramer Pleads for a Fed Rescue as Bear Stearns Hit [View article]
The surest indication that the sub prime problem is a problem for only a few Wall St firms and hedge funds is the fact that Burneke won't be accomodating them. The bankrupcies that come out of this will be in large part using the sub prime issue as a cover for other serious problems caused by the hedge funds reaching too far for big returns, naked selling for one. Going back, the Tech bubble was a windfall for many CEO's that would probably been in jail if the bubble burst hadn't come along and given them cover. Vic