BobKamman
Level 15

@PATAX Jim Cramer doesn't say anything, he just shouts a lot. 

While editor-at-large of a finance magazine, he was accused in 1995 of using his position to influence the value of the stocks he covered for personal gain, allegedly earning $2 million for himself in the process. An editor at a competing finance magazine called Cramer’s actions “a legal form of front running.” In 2001, Cramer left investment banking to pursue a career in media, but accusations of wrongdoing followed him.

After the 2008 financial collapse, Cramer faced intense criticism for encouraging the audience of “Mad Money” to hold on to their stock in Bear Stearns. On March 11, 2008, he reassured his viewers: “Bear Stearns is fine. Do not take your money out,” he said. “Bear Stearns is not in trouble.” By March 16, the stock had lost 96 percent of its value. It avoided bankruptcy only because it was purchased by J.P. Morgan Chase later that day.

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