Doc Mercer
EOG Master
Via HuffPo, this 2006 interview reveals Cramer admitting to both market manipulation and to violating SEC rules. As HuffPo highlights:
-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.
PASS THIS ALONG TO EVERYONE AS THIS GUY SHOULD BE IN JAIL AND A LOT OF FOLKS THINK HE IS HONEST ... BULLSHIT .....HE IS A FUCKIN CON MAN WHO HELPS MANIPUTLATE THE MARKET !!!
http://www.dailykos.com/storyonly/2009/3/11/104916/714/691/707135
-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.
PASS THIS ALONG TO EVERYONE AS THIS GUY SHOULD BE IN JAIL AND A LOT OF FOLKS THINK HE IS HONEST ... BULLSHIT .....HE IS A FUCKIN CON MAN WHO HELPS MANIPUTLATE THE MARKET !!!
http://www.dailykos.com/storyonly/2009/3/11/104916/714/691/707135
