CNBC Cramer and guest fight re goldman sachs

[lester1/2jr]

http://bit.ly/bRHQub


If someone can find this on youtube that would be a bonus.

FYI Goldman sachs was charged by the SEC for fraud relating to mortgage backed securities.

The guest here, the clip is at the bottom of the commentary, makes some sarcastic remarks about CNBC's fealty to goldman sachs and this doesn't sit well with hot head Jim Cramer. Eventually at the end of the clip Burnett tells him he's not invited back after the break due to his "not respect" ing Cramer.

Others may wonder if it was his criticism of Goldman sachs which was the real culprit.

He also talked a little slow for the shows tempo so all that adds up to you won't be seeing this dude on CNBC again

 

[purplechoe]

is this it?

YouTube - Jim Cramer slammed on CNBC

 

[purplechoe]

It's not a joke, these 2 are family...

 

[lester1/2jr]

chloe yeah that's it. Erin Burnett was on some kind of crazy tear yesterday. They pre empted Kudlow so she could go spew all her pro goldman conspiracy talk for another hour


the brouhaha starts a little after 3 minutes

 

[DaisyFL]

GS and "honest buck" do not belong in the same sentence.

 

[Badger Paul]

Oh shut up you Wall Street whore Cramer!

 

[wgadget]

It's not a joke, these 2 are family...

Hey, you forgot to morph into Bernanke.

All the same family, IMO.

 

[devil21]

This is CNBC. Truth will not be tolerated and shall be swiftly punished in the form of banishment.

Both Cramer and Burnett are ex-GS employees (are they ever really ex?). Burnett is also CFR.

That picture above is creepy.

 

[AggieforPaul]

Just curious, what's the libertarian position on this investigation? Are we happy that the SEC is going after the biggest crooks on wall street, or do we just simply wish the worst for Goldman, but hope for their downfall to come about by investors' figuring out their crimes by themselves, then divesting all their interest in Goldman, with no SEC intervention?

 

[t0rnado]

Hey, you forgot to morph into Bernanke.

All the same family, IMO.

You know that Cramer keeps a painting of Lenin in his studio on his show? If you watch Mad Money, look for it in the background.

 

[devil21]

Just curious, what's the libertarian position on this investigation? Are we happy that the SEC is going after the biggest crooks on wall street, or do we just simply wish the worst for Goldman, but hope for their downfall to come about by investors' figuring out their crimes by themselves, then divesting all their interest in Goldman, with no SEC intervention?

My .02 here. The SEC is probably constitutional under the commerce clause so I don't have a problem with it existing, and if it exists then at least they are sorta doing the job they're paid to do. I'd be happy if both the SEC nailed them and everyone filed fraud lawsuits against them. That would be a fine libertarian position. Caveat emptor has its place but there are also material disclosure rules/laws in place that GS ignored. The trail of this securitized crap goes far and wide and they could be buried in court for years (and billions) if even half of the people stiffed get a mind to file suit.