Loathe Jim Cramer or Love Him, You Now Subsidize His Salary

by RoryKearney | March 15, 2009 at 05:49 am
8480 views | 35 Recommendations | 11 comments

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Jim Cramer Writes Bull on His Subpoena and Throws it on Floor

Jim Cramer Writes Bull on His Subpoena and Throws it on Floor

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uploaded by RoryKearney

How does it feel to finance the looting of your own retirement money.  The parent company of CNBC, which hired Jim to do Mad Money, is General Electric (GE), a company which received 139 billion dollars under the TARP.  That's right. $139,000,000,000 of your money! The TARP money comes out of the American taxpayer's pocket.

"These guys at these companies were on a Sherman's march, through their companies, financed by our 401ks, and all the incentives at their companies were for short term profits and they burned the (expletive) house down with our money, and walked away rich as hell." ~Jon Stewart to Jim Cramer on The Daily Show

The disclaimer on the Mad Money show states "All opinions expressed by Jim Cramer on this website and on the show are solely Cramer’s opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL or their parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, internet or another medium."

Jim is telling you "may have been previously disseminated by Cramer" that he is front running his picks. I always thought that was illegal. In other words, if you buy a subscription to TheStreet.com, (a completely different company he founded during the tech bubble, with no ties to CNBC), he may let you know in his early alerts newsletter, or on his website, or elsewhere, what stocks he is going to tout to the rummies who watch the Mad Money show that night, days in advance. This allows the "in" crowd to take positions well ahead of the show at lower prices, and then to sell when the rubes run it up, and then short it, and naked short it, to bring it back down, so they can cash out both ways, while you financed their round trip. Sounds like pay to play to me.

FYI Cramer became fabulously rich as he sold his thestreet.com stock during the IPO, although the stock now sits at under $2 a share. He was investigated, but never charged.

Of course the SEC, which has received thousands of complaints about him, knows nothing. They were the ones who issued his subpoena and then quickly rescinded it. See the video here of Jim throwing his subpoena on the floor >> http://www.deepcapture.com/jim-cramer-discusses-subpoena-with-
herb-greenberg-the-worst-business-journalist-in-america/

Having been a long time adversary of Jim Cramer, I was delighted to see Jon Stewart wipe the floor with him. My husband Mike, wrote to Jon to try to see if he could go on the show to confront Cramer. Mike doesn't suffer fools gladly, and that would have been a show I would have paid to see. You can see the full unedited show here >> http://www.thedailyshow.com/

I have just been told that there is a poll to vote for guests to go on Jon Stewart's The Daily Show.

I would love to see Overstock.com CEO Patrick Byrne get the honor, as nobody deserves it more than him.

Vote here>> http://guests.dailyshownews.com/akira/dtd/16867-2313

Being members of Care To Live, we are still seething at Cramer for the lies he told about Dendreon's Provenge, (see bottom of this story) a non toxic, non invasive immunotherapy, desperately sought by men with prostate cancer. Any person who uses his national audience to lie about a better, safer, more humane treatment for cancer, with the goal of destroying the stock price to materially hurt the small biotech company's research and funding, is a cruel and heartless degenerate.

To be honest, we pretty much stopped watching Mad Money years ago, having seen the corruption taking place there. We squawked about it for a while, writing letters to the SEC, etc. but nobody there seemed to care.

Even if Cramer were not corrupt, I would have had to turn him off after a few shows, as I find him to be one of the most annoying personalities to ever muddy the airwaves, with his irritating intonations and his asinine sophomoric antics.

Cramer claims to be a  journalist and hides behind that shield. That is why he got away with writing BULL on the subpoena, and throwing it on the floor on TV. Of course it didn't hurt that his good friend and college roommate is Elliot Spitzer, New York Attorney General, and then Governor of New York, prior to his resigning in disgrace over his indiscretions with hookers. See my now public story Wall Street Hooker Serves Time, Rich Screw Taxpayers Again

Cramer and Jon discussed his "reporting" on stocks. Since when does an hour show, hawking and manipulating stock prices on a TV show, written as he claimed to Jon Stewart, by one other person, his cousin, qualify him to hide behind the journalism shield. Buy this, sell that, buy that, sell this, BUY BUY BUY, SELL SELL SELL, and on and on, hundreds of stocks in an hour, now qualifies as journalism? I don't think so.

He is an analyst, plain and simple. He is subject to the laws of the land about stock manipulation. He readily admitted in his Cramer Wall Street Confidential video that he has done illegal things.

Judd Bagley, of antisocialmedia.net, snagged the video, according to Overstock CEO Patrick Byrne aka Hannibal on the OSTK Investor Village board >> http://www.investorvillage.com/smbd.asp?mb=3532&mn=32909&pt=msg&mid=6866870

Judd put out a transcript of the video for those who don't have multimedia bandwidth here>> http://antisocialmedia.net/?page_id=87

Ok, I will toot my own horn a little. After reading thestreet.com recap that someone posted on the InvestorVillage DNDN board in 2006, http://www.thestreet.com/story/10329451/1/cramers-thestreetcom-tv-recap-games-hedge-funds-play.html Mike and I searched the web to see if they had a video of it. To our delight, we found one and posted it. It was quickly removed, but not before Judd captured it.

We sent copies of it years ago to Christopher Dodd, the SEC, Ben Bernanke, etc. We never heard a word back. I know the wheels of justice grind slowly and hopefully, they are spinning right now.

Since doing the Mad Money show, I believe Cramer claims he does not buy and sell stocks for his personal portfolio, only for his charitable trust, as part of the terms of the contract. What trader would agree to that if they were any good at it? Let's see, do you want to make a billion or a million? He took the million. Why?

MONDAY, FEBRUARY 9, 2009


 

Cramer's Star Outshines His Stock Picks

By BILL ALPERT 

Stock picks featured on Mad Money don't live up to the host's hype.

Read the article here >> http://online.barrons.com/public/article/SB123397107399659271.html

* * * * *

I knew of a person who called the show to ask him about Dendreon. After having them hold on for a very long time, right before they were to go on air with the question, the show told him to talk about Coca Cola (KO) instead. I am not alone in thinking that the callers are screened and coached on what to ask. How else would there not be a constant barrage of callers yelling at him for giving them unsound advice and helping them to lose their money. I think it is still that way, that all his callers love him and are all having a BOO-yah day.

Of course the Stewart smack down show was not just about Cramer, as Jon so adroitly pointed out. It was about CNBC aiding and abetting the theft of the retirement money from the working class to fund the "traders" yachts and mansions. Did you know that while you were working your 9 to 5, the "traders" sat around naked all day at their computer terminals, naked shorting your retirement funds into oblivion. After the market closed, only then did they get dressed in all their finery, and go out and stuff themselves at the most expensive restaurants, meeting and greeting and slapping each other on the back. You, on the other hand,  came home from a hard day's work, boiled some hot dogs, and went to bed early so you could get up at 6 am, throw down some cereal and if you were lucky enough to have some OJ in your fridge, had a glass, or just ran out the door, stopping at Mickey D's to grab a coffee, in order to be fully awake by the time you got to work so you could do it all over again. Could any system be less fair?

Like a trainwreck, I had to watch Cramer the night after the Jon Stewart show, to see what he was going to say. I had already remarked to my husband when I heard that he was on Martha Stewart the morning of the show, that he was going to use that as a smokescreen. Sure enough, he started to talk about the Stewart show yesterday, and then showed picture of himself and Martha Stewart, and Jon was never shown or mentioned. Can you get any more deceptive than that?

Then, what did I hear from the blathering, bald headed beast. He suddenly starts talking about prostate cancer treatments to invest in. Funny, Dendreon's share price had just risen $1.50 in 2 days, after being beaten down to $2.50 although it recently showed 20% survival in the sickest men with prostate cancer, an amazing accomplishment, since it has no toxic side effects like the current treatments for late stage. Keep in mind that one in six men will be diagnosed with prostate cancer in their lifetimes, so this is a very important disease to find treatments for, and that Provenge has been delayed for 2 years from approval, by the corrupt and dysfunctional FDA, that is wagged by the Wall Street dogs who are content to continue toxic chemotherapy and radiation for all.

Of course Cramer never mentioned Dendreon, (on a former show he said that he got in much trouble for what he said about Dendreon (his lies)) as he raved about another treatment, and told you to buy it, and that it is a takeover candidate. I can't help but wonder if he was trying to divert attention away from Dendreon's rise that day.

Mike emailed another letter to Jon Stewart, Subject: Cramer Is Still At It!, which you can read here >>http://www.investorvillage.com/smbd.asp?mb=971&mn=250732&pt=msg&mid=6874505

* * * * *

The Easter Bunny Weighs in

"What Jon is butting his head against is the obvious. CNBC lies to the public on a daily basis, because Wall Street and the other special interests that represent the industrial/financial complex need the world to be inundated with their lies. Wall Street needs a fictional world where the insiders don't run the world's most crooked casino, where hedge funds don't violate the law every day with impunity, where financial marauders don't run the markets exactly as they did in the 20's and 30's. They need CNBC and Bethany and lilGW et al to lie, lie, lie, and are willing to pay handsomely to keep the fiction even marginally believable."

Continue Reading Here >> Jim Cramer Called Onto The Carpet By Jon Stewart
Posted by:   bobo 3/13/2009 3:28 AM
Comments (15)

* * * * *

Patrick Byrne, Overstock CEO writes on Deep Capture . com

What should we learn from the fact that “The Daily Show’s” Jon Stewart has in four evenings (1 2 3 and 4) exposed Jim Cramer in a way that, in any sane world, he would have been exposed a decade ago? To answer that, consider these associated facts: while the Jim Cramer constellation of journalists (Mitchell’s Media Mob) backed each other up while covering-up the subject of criminally abusive short selling by hedge funds to whom they were close, four channels of the media broke rank:

Continue Reading Here >>

What We Should Learn from Jim Cramer vs. the Daily Show’s Jon Stewart

March 12th, 2009 by Patrick Byrne

Posted in 9) The Deep Capture Campaign | 72 Comments »

* * * * *

Read it here >> Overstock CEO Calls Jim Cramer a “Criminal.”

4 Comments

...

Dear Honored Client,

We take seriously our duty to save you money. We know the current financial crisis is of concern to many of you. If so, you may find this interesting. Otherwise, please just enjoy your shopping.

In recent weeks, “The Daily Show”’s Jon Stewart has exposed TV personality Jim Cramer as a liar (see these recent clips, 1 2 3). But I think he’s worse: I think he’s a criminal.

If that sounds hard to believe, please see this video (which Jim did not expect to reach the public) of Jim Cramer bragging about using the press to manipulate the stock market illegally. For a full analysis of the career of Jim Cramer, please read my essay: “Jim Cramer is a Complicated Man.”

Warren Buffet says that, “If you ever sit down at a poker table and in 15 minutes haven’t figured out who the pigeon is, you’re the pigeon.” Similarly, if you are getting any advice from Jim Cramer or CNBC, you are the pigeon. CNBC is a 24/7 hedge fund infomercial designed to trick you into making bad investments for the benefit of hedge funds. Again, watch the tape of Jim. Then read the critique. Then turn off CNBC.

Or else, just ignore this message and enjoy your shopping.

Most respectfully,

Patrick M. Byrne, PhD
CEO, Overstock.com
patrick@overstock.com

* * * * *

I see Cramer put back up on his website his year 2000 "Winners of the New World" again. It was missing for the longest time, years actually. I assume he thought that since we have a copies anyway, he could run, but he could not hide, and it looked deceitful to have taken it down. Here he is touting stocks, that no longer exist, telling you he is buying them hand over fist, some of them costing hundreds, and some of them, thousands of dollars per share, leading the sheep into the biggest tech wreck, later falsely claiming he told people to get out.

Excerpt

"We are buying some of every one of these this morning as I give this speech. We buy them every day, particularly if they are down, which, no surprise given what they do, is very rare. And we will keep doing so until this period is over -- and it is very far from ending. Heck, people are just learning these stories on Wall Street, and the more they come to learn, the more they love and own! Most of these companies don't even have earnings per share, so we won't have to be constrained by that methodology for quarters to come."

Read it here >> http://www.thestreet.com/story/891820/the-winners-of-the-new-world.html

* * * * *

Cramer reinvents himself again.

James J. Cramer

Famous stock market bull James J. Cramer switches to bear camp after his readers lose their money
Chutzpah: The child who murders his mother and father and then pleads before the judge to be let off because he's an orphan.

As you can see below, James has been telling his readers to buy Cisco and other tech stocks when the prices were high and to sell them when prices are low.  Is that any way to make money?  On January 8, 2001 he called "'the bottom" in tech stocks.  As recently as Feburary 2, 2001 he was telling his readers after the sell off that day that the downturn was just one of many "profit-taking pullbacks... They shake out the weak holders."  Now he's telling us "I have been pretty negative on tech for a long time."

Continue reading here >> http://www.itulip.com/awards.htm#Cramer

* * * * *

From one of my older now public stories

Part 2 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX

Does anybody have the option of investing in 401K’s that short companies. I don’t know of any. Big traders are allowed to short stocks, and naked short stocks. Little guys don’t have the same options. When was the last time Cramer told you to go short? He won’t. You throw your money in long, and they will suck it out from under you. So the working class stiffs get to put their money into 401k’s and the crooks who have billions in ill gotten gains are allowed to short everything, naked short it, carpet bomb the stocks, take the money out, buy Van Goghs, and leave Joe Schmoo living in his car eating dog food from a can in his “golden” years. They have so much money they can sit on a stock and keep the price down naked shorting it for years if they have to, and just wait for one bad quarter, and then it’s “bombs away”, and suddenly your money is theirs.

 

and

 

As the Easter Bunny said

“As to who is sucking out all the money being gained by gaming the system, how do you think so many hedge fund managers are making close to a billion a year, or more, without generating anything? No new drugs, no shoelaces, no intellectual property….nothing. Just pulling the money out of the market. They win. You lose. You pay, they collect.”

http://www.nowpublic.com/world/easter-bunny-says-sec-discovers-unbridled-naked-short-selling-might-actually-be-er-not-so-good

and

Here is a little history on James J Cramer, now Jim Cramer, stock rumor mongerer extraordinaire.

Nick Maier, who worked for him when Cramer ran a hedgefund wrote a book about this slippery little devil.

Trading with the Enemy: Seduction and Betrayal on Jim Cramer’s Wall Street by Nicholas W. Maier (Hardcover - Mar 5, 2002)
In Trading With The Enemy, Seduction and Betrayal on Wall Street, the author, Nicholas W. Maier recounts on pages 124-125 ,” He talked about how close he was to Maria Bartiromo, in particular. …We were the first firm most brokerage houses told such news… Jim’s strategy was to put in his order to buy a stock with Mark and then dial Maria. As soon as she announce the news on television the stock would often jump . Jim then had Mark peel off whatever we had bought. Jim was essentially, both helping and using Maria. He’d give her the scoop, and before things settled down, she spread the news that was likely to get the stock running. We weren’t just using the news, but making it. No sooner would Maria be thanking us for the help than we’d be getting a payback-a quick hit thanks to our friend at CNBC. …..It was David Faber we were now instructed to call with any early tips after buying the stock. Things ended up working out quite well, as David soon proved to be an even more profitable friend to have.”

 WARNING - Explicit language


http://www.deepcapture.com/index.php?s=confidential

In 1994 Cramer hired Nicholas Maier as a favor to Marty Peretz, who was close with the Maier family. Maier worked for Cramer until 1998, then left and wrote a tell-all book about his years with Cramer: Trading with the Enemy: Seduction and Betrayal on Jim Cramer’s Wall Street (New York: HarperCollins, 2002) It contained detailed description of Cramer’s manic and abusive style.

For example, Maier recounted the following scene after a trader at Cramer’s firm, Mark Kantor, executed a buy order at a price one-quarter point higher than what Cramer had expected, a total difference of $625:

“‘The broker fucked us, big time!’

"‘The eighth offering was fading when we called,’ Mark explained.

“Jim bit down on his lower lip as his hands clench into fists. He leaned forward to get closer to Mark, and started banging on the top of his monitors. The crown of his balding skull reddened as he yelled at the top of his lungs in a high-pitched whine.

“‘I told you they fucked us! Fucked us, fucked us, fucked us!’

“‘Listen to me.’ With piercing eyes Jim scanned our sober faces. ‘This is not some fucking joke!’ he screamed, spit flying from his mouth. ‘We are at war. We are in a foxhole.’ He flung out his hands. ‘Everyone out there is the enemy!’

“Mark nodded to show Jim that he understood. That wasn’t what Jim wanted. He started smashing his phone over and over on the desk in front of him. He lifted a monitor and heaved it like a shot put. After flying several feet, it shattered on the floor.” (Trading with the Enemy, page 29).

Maier also described Cramer’s questionable trading ethics. One passage noted a brush with naked short selling:

Jim turns toward his head trader. “Mark, sell ten thousand Bristol Myers.”

“We never bought any Bristol Myers,” Mark replies.

“We own the calls,” Jim corrects Mark impatiently, aggravated by the delay.

“So sell it short?” Mark asks for clarification. Mark knows that according to the SEC rule book, selling stock you don’t already own (even if you do own the call options) must be marked and executed as a short sale.

“You are confusing me with someone who gives a shit. Just sell it! I said hit the fucking bid!” adds Jim, not interested in wasting time over petty semantics. Skirting the “plus tick” rule in this case won’t necessarily make us a lot of extra money, but in Jim’s eyes, the rule is still an unenforceable annoyance. “And don’t ever ask me that again!” (Trading With the Enemy, pages 70-71).

Please put a pin in this expression of Jim Cramer’s concern for this somewhat obscure “plus tick” rule. I will return to it later.

Maier also describes Jim’s cozy yet perilous relationship with analysts at brokerage firms. When one unlucky analyst forgot to call Jim before he downgraded a stock, Jim screamed into the phone:

“All I pay you too much fucking money for is … to pick up the goddamn phone and call me—call me—before you call anyone else.” (Trading With the Enemy, page 86).

In Maier’s artful summary:

“Jim didn’t care whether an analyst was ultimately right in his or her opinion. He just wanted to take advantage of the closest thing to a sure bet in the stock market today: the short-term effect any commentary might have.” (Trading With the Enemy, page 86).

 

* * * * *

Here are the lies Cramer told about Dendreon's Provenge.
9/26/05

Cramer lies about Dendreon on CNBC. He said Provenge failed FDA approval. Provenge wasn't up for approval until 5/15/07.
9/27/05

Mark Haines of CNBC apologizes on the morning show, Squawk Box, for Cramer's error.

Cramer later that night apologized but then went on to lie by saying the problem with Provenge was survival. Survival was the reason the FDA called for an Advisory Committee.

Cramer's degrading rant on Monday's show, 9/26/05, was right before Dendreon's CEO was presenting at UBS. It is important to note that UBS is the only company that downgraded Dendreon, not once, but four times in 12 months after Dendreon reported good steps of progress.

And then Mr. Cramer went into a disgusting berating of us shareholders, calling us drunken, carousing, gambling Falstaffs. He called Dendreon a battleground stock. "Dendreon investors might as well take their money to Vegas."

12/22/06

Cramer talks about the Games Hedge Funds Play. He talks about the amount of money it takes to drive down a stock, he talks about lying and fomenting to hurt a stock, especially if the company reports good news.
http://www.thestreet.com/funds/realmoneyradiowrap/10329451.html

3/28/07

The night before the Provenge advisory panel hearing Cramer yells, "Sell, sell, sell!"
3/29/07

After the good panel vote Cramer said he confused it with the fictional drug from a 1993 movie, "The Fugitive," in which Dr. Richard Kimble, played by Harrison Ford, tries to expose a fictitious pharmaceutical company, Devlin-MacGregor.

"On the air, Mr. Cramer joked about the bad advice, saying he “did not expect” good news from Dendreon and had gotten Provenge mixed up with Provasic. The latter is a fictional drug from a 1993 movie, “The Fugitive,” in which Dr. Richard Kimble, played by Harrison Ford, tries to expose a fictitious pharmaceutical company, Devlin-MacGregor.

Mr. Cramer said he was “surprised and thrilled that Provenge, which I was confusing with Provasic, could be approved — remember, staff, that’s what Dr. Richard didn’t like.”

Some bloggers thought he was being dense. In investment chat rooms, people called Mr. Cramer “a fool” or worse, and demanded that CNBC cancel his show.

Nonsense, Mr. Cramer said in a telephone interview last week. He said he did not really confuse the two drugs and was obviously joking by making a reference to one of his favorite movies, something he often does on the show. “ ‘The Fugitive,’ ” he said, “had an early read on why people despise the pharmaceutical companies.” He added, “I always make the joke that even though it’s a $9 million company, you should be selling Devlin-MacGregor.”http://www.nytimes.com/2007/04/09/business/media/09cramer.html?ref=business

4/12/07

Cramer said in a video this afternoon on TheStreet.com that this Dendreon (DNDN-NASDAQ) is a classic case of short sellers not covering themselves by not buying calls with the strikes above. Cramer said there are some short sellers who lost their year on DNDN.

http://biohealthinvestor.com/2007/04/cramer-looking-for-next-dendreon.html

11/2/07
"I got into so much trouble with Dendreon once. ... Dendreon is just a failed biotech that I want nothing to do with." He made another Devlin-MacGregor reference. http://www.thestreet.com/s/cramers-mad-money-lightning-round-hop-into-ford/funds/lightninground/10388222_2.html   7/9/08
Cramer calls Dendreon a dog.

http://my.nowpublic.com/world/part-6-naked-shorts-75-000-cracking-wall-street-cover-redux

* * * * *

The Captain no longer goes down with the ship.

Street.com CEO quits after Cramer’s TV flameout

By By Hilary Potkewitz

Published: March 13, 2009 - 3:05 pm

Friday brought more tumult for CNBC anchor Jim Cramer, when the chief executive of his online financial news site, The Street.com, resigned.

The company announced Friday that Thomas Clarke, TheStreet.com’s CEO for the past decade, would be leaving, effective immediately. He’s been temporarily replaced by Daryl Otte, a longtime director on the company’s board, who will serve as chief until the search committee, which he is leading, finds a new CEO.

Read the full story here >>http://www.crainsnewyork.com/article/20090313/FREE/903139975

* * * * *

TheStreet.com Signs 3-Year Cramer Contract (TSCM)

Jim Cramer has entered into a new employment agreement with a retroactive effective date of January 1, 2008 to author articles for the ad-supported and paid publications (Action Alerts PLUS) product and to "provide reasonable promotional and other services…"

Cramer will receive an annual salary of $1,300,000, $1,560,000 and $1,872,000, respectively, for the three successive years of the agreement.  Cramer will also receive a signing bonus in the amount of $100,000 and will be eligible for an annualized target bonus equal to 75% of salary based upon achievement of company determined financial targets.

Cramer will also receive restricted stock units with respect to 300,000 shares of common stock.  The units will be payable in shares of such common stock and vest and become payable in equal installments on January 1 of each of the next successive five years, provided that Mr.Cramer remains an employee on each date.  This is subject to accelerated vesting following a “Change of Control” and other terms andconditions.  Cramer is also eligible to receive additional awards as determined by the company.

Read full article here http://247wallst.com/2008/04/09/thestreetcom-si/
* * * * *

Please help spread the word near and far.

* * * * *

TED GIRGUS SAYS

"LET US HAVE PROVENGE NOW!"

http://www.youtube.com/watch?v=6Q0uQAL_YDA

http://www.CareToLive.com

* * * * *

  Other Now Public Stories by Rory Kearney

Short, Naked, Crooked, & in Charge
FDA Creates Human Ticking Time Bombs
There Oughta Be A Law
Wall Street Captures Press & Politicians & Make Chimps Of Us All
Wall Street Whistleblower Gets Head Bashed In With Brick
It's a Milken Madoff Mafia Markopolos World!

The Magic Madoff Show - Now You See It, Now You Don't

The Madoff Exception - Market Mystery Revealed
Hell Hath No Fury Like a Woman Ponzied
Care To Live Vs. The Prostate Cancer Advocacy Groups
Secret to Hedge Fund Profits Revealed - Laws Don't Apply to Rich
I'm Madoff As Hell And I'm Not Going To Take This Anymore!
More Prostate Cancer Smoke & Mirrors From the Broken FDA
Overstock.com CEO Throws Down the Gauntlet
Wall Street Bulldozes A Company, But FFH Won't Die!
TheStreet.Com - Captured Journalist Heaven
Madoff and the Smirking Larry Kudlow and Press
Canadian Company Fairfax Financial Attacked From Down Under
Liquidity Thy Name Is Madoff — Full Court Captured Press & SEC
Mad Dog Madoff Steals 50 Billion, Gets Bail - Tip of the Iceberg
1234next ›last »

Part 1 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up
by RoryKearney | July 11, 2008 at 07:13 am | 7035 views | 33 comments
http://www.nowpublic.com/world/naked-shorts-75-000-cracking-wall-street-cover

Part 2 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up
by RoryKearney | July 18, 2008 at 08:43 am | 573 views | 1 comment
http://www.nowpublic.com/world/part-2-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 3 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by by RoryKearney | July 19, 2008 at 06:32 am |1384 views | 3 comments
http://www.nowpublic.com/world/part-3-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 4 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 23, 2008 at 10:05 am | 628 views | add comment
http://www.nowpublic.com/world/part-4-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 5 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 23, 2008 at 10:05 am |2111 views | add comment
http://www.nowpublic.com/world/part-5-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 6— Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 26, 2008 at 08:03 am | 818 views | 2 comments
http://www.nowpublic.com/world/part-6-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 7— Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 29, 2008 at 08:13 pm | 1898 views | add comment
http://www.nowpublic.com/world/part-7-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 8 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 31, 2008 at 05:05 pm | 419 views | add comment
http://www.nowpublic.com/world/part-8-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 9 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | August 6, 2008 at 07:56 am | 422 views | add comment
http://www.nowpublic.com/world/part-9-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 10 - Overstock CEO Patrick Byrne Carpet Bombs Wall Street & The Media on the Don Harrold Show (Video)
by RoryKearney | August 26, 2008 at 12:27 pm | 512 views | 2 comment
http://www.nowpublic.com/world/overstock-ceo-patrick-byrne-carpet-bombs-wall-street-media-don-harrold-show-video

Part 11 - I AIN'T LEAVIN' TILL THEY THROW ME OUT!
by RoryKearney | August 28, 2008 at 03:16 pm | 533 views | 2 comments
http://www.nowpublic.com/world/i-aint-leavin-till-they-throw-me-out

Part 12 - Back To Back
by RoryKearney | August 29, 2008 at 12:21 pm | 472 views | 5 comments
http://www.nowpublic.com/world/12-back-back

Part 13 - To Catch A Rat — Illegal Rumor Mongering at its Lousiest
by RoryKearney | September 2, 2008 at 10:15 am | 1330 views | 2 comments
http://www.nowpublic.com/world/catch-rat-illegal-rumor-mongering-its-lousiest

Part 14 - Are They Going To Arrest The Sith Lord
http://www.nowpublic.com/world/are-they-going-arrest-sith-lord
by RoryKearney | September 11, 2008 at 11:43 am | 452 views | 2 comments

Just Say Yes. The FDA Ties That Bind. A Saturday Morning Rant.
by RoryKearney | July 12, 2008 at 08:24 am | 270 views | add comment
http://www.nowpublic.com/health/just-say-yes-fda-ties-bind-saturday-morning-rant

#15 — No Penalties for Financial Rapists! - Overstock CEO speaks on Naked Short Selling
RoryKearney | September 17, 2008 at 03:44 pm | 390 views | 10 comments
http://www.nowpublic.com/tech-biz/no-penalties-financial-rapists-overstock-ceo-speaks-naked-short-selling

Part 16 — Got Lipstick? Some Pigs Are More Equal Than Others
by RoryKearney | September 19, 2008 at 07:39 pm | 95 views | 5 comments
http://www.nowpublic.com/world/got-lipstick-some-pigs-are-more-equal-others

Everything I write is my opinion. If I have made any factual errors, please notify me, and I will correct them.

 

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13
Alida Antonia Cornelius

GREAT POST!

16
RoryKearney

Thanks Alida. Rocker Partners, a big Overstock short, were major share holders in thestreet.com, and Cramer was trashing the O for them, and other colluding hedge funds. They destroy small companies and crush biotechs with better treatments. It is one of the oldest stories in the world. They become addicted to other people's money. There is so much more to this story. Stay tuned. The worst is yet to come.

13
Alida Antonia Cornelius

I don't think people should be able to buy stock options..and not put up any money.

I wish that practice would be stopped.

Not regulating the financial instruments has caused Wall Street to be nothing different than handicapping a horse race.

It's turned into nothing more than a gambling, and not investing in businesses.

I hate Alan Greenspan.


12
Mikasi

you are aware that "ihategreenspan.com" is not taken. I'll bet the .org is still available too.

Not that I am saying you should take advantage of that or anything...

15
RoryKearney

I don't know all that much about options, but I am pretty certain you do have to put up money to buy stock options however depending what options are purchased and sold affects the underlying stock price, since the brokers have to manipulate the share price to keep pace with the options that have been sold.

18
RoryKearney

FYI Greenspan went on to be a consultant for a hedge fund that made literally billions of dollars betting against the subprime mortgages with credit default swaps, even though they held none of the mortgages.

I remember Greenspan saying that the American consumer is resilient and would find creative ways to acquire mortgages despite the interest rate rise. Ain't that the truth.

Just one big happy thieving family.

Nothing up this sleeve, nothing up this sleeve, the fingers never leave the hand.

18
tikun

How about Barney Frank pushing for more sub-prime loans on the part of freddie. Just one problem his ex-lover was one of the honchos there. Hmm.

14
Mikasi

you did an incredibly splendid job here. I enjoy and envy your level of knowledge on this.

15
RoryKearney

Thanks to all for the great comments.

Mikasi, 

All my knowledge came to me the hard way. Unfortunately, I believe much of the meltdown could have been avoided if the people at the helm, in both parties, would have listened instead of being too busy spending their time counting their bounty.

Next election, I hope all the bums are thrown out of office, except for the very few, who sounded the alarm.

19
René

Personally watched Cramer on live TV tell how to do naked short sells, and even said that this was illegal, but you can make money at it and here's how.

The man should have criminal charges and a class-action suit against him and his company too, CNBC.



16
RoryKearney

It is amazing to me that he has been allowed to operate for so long. Then again Cramer has 9 lives. I hope this is #9. There are other shenanigans on CNBC that need to be shut down too imo.

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