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thedebtisreal

Jim Cramer Melts Down On National Tv

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Evan. We know you are reading. This is how it is done.

http://www.cnbc.com/id/15840232?video=452808336

He is quite respected within Wall Street. Rumour has it they have 1929 type security staff blocking off access to the roof of high buildings in the vicinity at the moment. The article heading read concerns of job losses on Wall Street. I could see this happening with banks in London. Remember when that last happened around 1990 after the boom years. Ehhhhmmmmm smells of the big R Recession. :lol::lol::lol::lol:

Edited by joey

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He is quite respected within Wall Street.

I assume you mean "respect" in the loosest sense, as in "With all due respect, Jim, you are a fucking idiot."

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Guest X-QUORK

And that, ladies and gentlemen, is why much of the world's population think Americans have the emotional intelligence of toddlers.

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Have a look at "The Jim Cramer thread" under Anecdotals:

http://www.housepricecrash.co.uk/forum/ind...showtopic=52574

Thanks for that. I did wonder if there was some VI in his ranting. I guess he's got a lot of skin in the game and wants a government bail out. He should be more worried about whether his heart can take the stress... still... good TV - I noticed the anchorwoman didn't try too hard to shut him up. ;)

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This is just a wind-up right?

He's hamming it up like a WWF star. :rolleyes:

edit: just read DrBubbs link, I can't believe this guy is a serious wall street player. If I was American I would call him a "jerk-off".

Edited by Smell the Fear

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This is just a wind-up right?

He's hamming it up like a WWF star. :rolleyes:

edit: just read DrBubbs link, I can't believe this guy is a serious wall street player. If I was American I would call him a "jerk-off".

Great entertainment. But, of course, this guy is correct. But even if Bernanke complied it's all too late.

I weep for all those poor Wall Street guys.

Cramer is making a clever play here; he is right, dead right, whether we make snide comments about his delivery or not.

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(Russ Winter's comment on the Cramer Video):

This James Cramer video on CNBC is not satire, but to Winter Watchers it may as well be. It reveals in all it’s ugly glory the whole Corporate socialism racket - run a criminal scam on a massive scale, reap windfall profits on the upside, and socialize the losses on the downside. We have now clearly arrived at the last stage. Be sure to listen through the end as he attacks Fed apparatcheks for “being asleep”, screaming at them to “cut the discount rate and fed funds rate”.

It’s easy to read between the lines, it’s all about more irresponsible policies to keep Pig Men buddies and their $1,000 Christmas trees and $2,000 Coach handbags for their Princesses alive and kicking. My sentiment about this rabble is, naturally, “eat shit and die”. Of course once Cramer realizes mid-rant that many, if not most viewers (even on CNBC) could care less about his plutocratic buddies, their jobs, and their “livelihoods”, the message suddenly and not so coyly shifts from “save the Pig Men, to save the Sheeple”, who have already been fooled, looted, and stripped clean by these carnival barkers and flim flam men. He is right about one thing though for sure, and that’s his remark at the end, “this is not a time be complacent”.

-see: http://wallstreetexaminer.com/blogs/winter/?p=965

Well-spotted.

I can't figure why he would think that the Fed could do anything but prolong the process though. We can want lower rates and we can even lend at lower rates but all that would do is seriously fck it up even more.

There is no way out, but as Cramer points out; at least the shits that caused it get to hurt at least a little. (Of course, he cares; unlike myself.)

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It reveals in all it’s ugly glory the whole Corporate socialism racket - run a criminal scam on a massive scale, reap windfall profits on the upside, and socialize the losses on the downside. We have now clearly arrived at the last stage.

Well said, Dr. Bubb. Except this corporate socialism stuff has been going on for a long long time in America. 'Time' did a great article about another side of it, maybe 10 years ago now, looking at big corporations who would hold whole states to ransom, threatening to offshore factories, or move to the next state, and take the jobs with them, unless they got ridiculous concessions from State governments to stay. Concessions that would take over 50 years of wages into the state to pay for themselves! At least those corporations actually built something useful! The fact that they are now EXPECTING taxpayers money to bail out and protect the profits of the speculators and 'takeover men', the very same guys who are selling out taxpayers and shipping their jobs offshore is obscene! Hopefully Buffet was right when he said most of these hedge fund cowboys wouldn't be around in ten years..

Edited by drminky

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He's like a very poor wwf wrestler, but if you consider who he's trying to get throug too, maybe the best delivery.

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He's like a very poor wwf wrestler, but if you consider who he's trying to get throug too, maybe the best delivery.

to be honest, thats exactly what I thought. Either he watches too much WWF or he has a fantastic career to look forward to when his current career goes pear shaped.

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oink!

I see more pigs.....

all squeeling about how bad it is....

trotters over their faces and tails between their legs...

"what do you mean? Why was it wrong to use hedge fund deposits to leverage large yen loans funded by the carry trade. Us little pig men just wanted to buy more stocks, lots more stocks, in some cases 10 times more than funds on deposit.... what wrong with that.... squeel, oink. it made huge profits last year (at someone elses loss). "

sound familiar folks?

pigs are those who want to feed first at the trough and who exclude their young. I say that becasue you only get offered entry to a hedge fund when you have >500,000 on deposit at ML. And who are they I wonder. Oink squeel,.... yep you guessed it those over 45 (on average).

For the simple minded hedge funds were simply a way of using leveraged funds to ramp share prises. Those squeeling loudest are the ones who made a killing last year... mostly wealthy and older.

I have watched Cramer on TV for the past couple of years. He is always bullish on something and I suspect has lost his shirt on some poor investments. To call for rate cuts when the dollar is at a precipice is assinine and driven by pure pigishness....

....oink

get ready, things are about to get very difficult for the markets.

Edited by bpw

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Yup, pure WWF. I didn't buy it. If he was that p1ssed then how did he manage not to swear?!

because it was quite clearly rehearsed :)

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Christ I nearly spat my wine over the screen. That was great!

What is he proposing? That the Fed set rates to benefit him and his chums?

I bet he's made a few deals that have cost 1,000's of Joe Six Packs their jobs and savings and not even given it a second thought.

According to Wiki he's worth $100 million. If he's left with a tenth of that he's pretty well off I'd say.

Fancy acting like that on what I pressume is a prime time slot. What a tw@t.

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