| By Ken - Mar 11th, 2009 at 10:48 am EDT |
| Also listed in: 1stProtestinTheStreet.Org | Blue Biz | Broom Brigade | CivicSatisfaction.org | Denver County | Operation Bird Dog- Colorado |
I caught this off Huffingtonpost.com about Jim Cramer and his boasting of what he did as a hedge fund manager:
-On manipulating the market: "A lot of times when I was short at my hedge fund, and I was positioned short, meaning I needed it down, I would create a level of activity before hand that could drive the futures,"
-On falsely creating the impression a stock is down (what he calls "fomenting"): "You can't foment. That's a violation... But you do it anyway because the SEC doesn't understand it." He adds, "When you have six days and your company may be in doubt because you are down, I think it is really important to foment."
Check it out













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