Jim Cramer Uses CNBC to Manipulate Stocks

[mizou]

You can find the full story here (http://www.dailykos.com/storyonly/2009/3/5/16720/74815/703/705113)

Jim Cramer Uses CNBC to Manipulate Stocks
by TocqueDeville
Thu Mar 05, 2009 at 04:56:48 PM PST

I've been waiting for a good time to bring this story to Daily Kos and, since it's CNBC day (or week hopefully), I figured now would be a good time...........

...............This rabbit hole involves the thugs surrounding Jim Cramer and some of the top financial "journalists" from the New York Times, WSJ, Fortune magazine and BusinessWeek, top hedge funds, the Mafia, and the DTCC. It also includes "blackmail, smear campaigns, espionage, fraud, harassment, extortion, bribery, rumor-mongering, sabotage, off-shore money laundering, political cronyism, frivolous lawsuits, witness tampering, biased financial research, false identities, bogus credit ratings, bribery, libelous blogs, bad science, forgery, wiretapping, counterfeiting, collusion, lying, cheating, threats and theft."

And if that wasn't fun enough, it may be the underlying story of what collapsed the entire, global banking system or at least served as the catalyst for the collapse.

Unfortunately, this story is so rich and multi-dimensional that I cannot possibly hope to do it justice here. So I will primarily focus on the financial media angle and, specifically, Jim Cramer and his thug cronies.

The story begins when a very highly respected journalist and business editor for the Columbia Journalism Review, Mark Mitchell, decides to look into allegations made by the CEO of Overstock.com, that some top hedge fund managers, in cahoots with a circle of financial analyst and reporters, had conspired to make a lot of money by betting short on companies and then systematically destroying those companies by spreading false negative information about them and employing other tactics such as flooding the market with "phantom shares" to drive down a stocks value.

[TheLoneRanger]

Okay I watched the bloomberg piece... but it didn't connect to anybody mentioned in the article... maybe if the article had a couple specific examples of an planted newsarticle that drove down a stock and maybe if the Bloomberg video just once mentioned anybody using the press to drive down stock..
Seems naked short selling doesn't need anybody to drive down stock outside of the sale of the stock itself... why bother to cobble up a cabal when you don't need one. I find the bloomberg video more of a discrediting of the very structure of the alledged conspiracy than a confirmation of the conspriacy constructed in the TocqueDeville article.. if for no other reason the video made clear that no elaborate media disinformation campaign or cast of conspirators was necessary to conduct sucsessful naked short selling.


Tried to find out who this TocqueDeville was.. couldn't find out other than he has a long track record of surfacing many conspiracies aganist liberal groups that never seem to go anywhere or ever get resolved or confirmed.

But keep me posted.. any concrete examples tying one thing to the other would be interesting. As of now however, it sounds more like a "Big Lie" campaign to take out or discredit oposition to President Obama's restructuring of the American economy. And that, I findm truely scary.

[chux03]

Why do you think they ALWAYS have that DISCLAIMER following Cramer everytime he's on??
Manipulate stocks though?? He ain't that good.....

[Ancona]

Cramer is an entertainer, nothing more.

[research24]

Does anyone need convincing about Cramer? You'd have to be deaf, dumb and blind not to see what he's doing. Or born yesterday, or just fallen off the turnip truck, etcetera. I'd like to know how many offshore accounts he's got.

[Tribal Warrior]

Does anyone need convincing about Cramer? You'd have to be deaf, dumb and blind not to see what he's doing. Or born yesterday, or just fallen off the turnip truck, etcetera. I'd like to know how many offshore accounts he's got.

Yeah I wonder about everybodies offshore tax havens. Cramer is a joke, at the beginning of 08, he was saying buy gold, then come october, he says sell gold, then after it shot back up, he now says buy gold. So those following Cramer, would have missed out on the great buying oppurtunities.

[chux03]

"I'd like to know how many offshore accounts he's got."

He's easily worth MILLIONS, I've read so he probably does have an "offshore account", which if you count www.goldmoney.com so do I. Who cares what he has or doesn't have??

That reminds me of my dad who ALWAYS bemoans the "MONEY GRUBBING OIL COMPANIES". When ever I hear the start of one of....those I usually wind up mentioning that "they don't bother me as they don't set the price (of crude) anyway but I will tell you this....no matter what YOU think about the oil companies, as long as there's no price controls or other government mandated oil market controls, we'll have PLENTY OF OIL. The minute the price controls or WINDFALL PROFITS TAX (what ever those are) hits town, then we'll have oil market disruptions and shortages. That usually quiets him down.

Same thing about Cramer....who cares what he has??? Yawn.....

[TheLoneRanger]

If somebody would please point me to single failed anything business that had legitimately strong fundamnetals but went down anyway and there was even a legitimate hint that naked shorts were involved I coud change my mind.

and just for the record I think Cramer is a clown to be specific an ***clown.. Erin Burnett is HOT! and Becky Quick is a gumdrop... I think that constitutes full disclosure if you concider some of my earlier posts.

[Gen Ripper]

HaHa, quoting a story from the DailyKos is as bad a listening to Jim Cramer!!

Cramer dared to say that the last 2 bailouts and the proposed mortgage bail out is BAD for America. The whitehouse press secretary then called him out by name and attacked him verbally. So you got the whitehouse attacking a private citizen and trying to quash his free speech. Im no fan of Cramer, but this is scary stuff.

This was Cramer's response:
http://www.mainstreet.com/article/moneyinvesting/news/cramer-my-response-white-house

The folks at the Kos are all but employed by Obama. I expect that they are now attempting to marginalize Cramer because it is too scary when the whitehouse does it directly. Just keep in mind this has nothing to do with Cramer supposed manipulation, it has everything with him openly questioning the actions of the whitehouse...

[JesterJay]

OK, so what's the point?
You lost me,
JesterJay



Erin Burnett is HOT! and Becky Quick is a gumdrop... I think that constitutes full disclosure if you concider some of my earlier posts.

[TheLoneRanger]

OK, so what's the point?
You lost me,
JesterJay

JJ, may I call you JJ?
The "point" was in the first paragraph, to whit
"If somebody would please point me to single failed anything business that had legitimately strong fundamnetals but went down anyway and there was even a legitimate hint that naked shorts were involved I coud change my mind."

I then commented on three personalities , the first of which I can not bear to even watch.. he grates on my serenity with his hysterics... But I thought, in all fairness, I should mention that I find watching some CNBC personalities pleasant, so I mentioned two and why... I suppose, one one level, I did not want to be seen as defending CNBC or some of CNBC's personalities, since I was rejecting the arguementative merits of the conspiracy case leveled against CNBC.. hence "the point" being in the first paragraph, as the primary point.. while the disclaimer of assessing the relative merits , to me, of the comentators.

I confess, I have not yet downloaded this website's form where I register and define my own unique style of humor.. so it would be unfair to expect everybody to just "pickup on it" so briefly, I tend to use a dry ironic sometimes sarcastic humor laced with inuendo with earthy and fruity undertones reminicient of a fine Rhine wine.

Well enough of that.. back to the point.. the point was that part you didn't quote.

Hope this helps.