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Playinghardball

(11,665 posts)
Sun Sep 16, 2012, 06:02 PM Sep 2012

'Mad Money' Guy, Jim Cramer, Is Pissed His Dad Can't Vote. Manages To Miss Whole Point Anyway.

Sigh. Some people only care when it affects themselves or someone they know. See the Twitter timeline:



Jim’s cagey response to one follower’s suggestion:

Jim is so grateful because PennDOT came to his rescue.


The only case of voter suppression he gave a damn about has been solved. He can stop caring now!


Now watch Jim Cramer totally miss the point:


Now watch how he can manage to keep missing the point:


Found on Jim Cramer’s Twitter account by @marikatogo/MoveOn.org
8 replies = new reply since forum marked as read
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'Mad Money' Guy, Jim Cramer, Is Pissed His Dad Can't Vote. Manages To Miss Whole Point Anyway. (Original Post) Playinghardball Sep 2012 OP
Cramer is conveniently ignoring the complaints about discrimination against some voters Kolesar Sep 2012 #1
If he goes against his corporate masters ... zbdent Sep 2012 #8
Yeah right Jim Politicalboi Sep 2012 #2
K&R nt. CJCRANE Sep 2012 #3
Yay! Committee of Seventy is monitoring him! BumRushDaShow Sep 2012 #4
Cramer makes Martha Stewart look like Snow White. he should be in jail forever: Gabi Hayes Sep 2012 #5
Jimmy, hope your dad votes for those who didn't try to disenfranchise hundreds of thousands of Hoyt Sep 2012 #6
Typical mindset of the priveleged class PD Turk Sep 2012 #7

Kolesar

(31,182 posts)
1. Cramer is conveniently ignoring the complaints about discrimination against some voters
Sun Sep 16, 2012, 06:14 PM
Sep 2012

The tweeters explained it well in the images you put up.
I am sure Jim Cramer knows who his "dad" is voting for. Not our guy

zbdent

(35,392 posts)
8. If he goes against his corporate masters ...
Sun Sep 16, 2012, 07:38 PM
Sep 2012

then he'd have to rely on his wits and uncanny accuracy in picking trends in the market ...

Guess who's on his knees with a lustful look in his eyes ...

BumRushDaShow

(128,530 posts)
4. Yay! Committee of Seventy is monitoring him!
Sun Sep 16, 2012, 06:24 PM
Sep 2012
Committee of Seventy @Committeeof70
@jimcramer @committeeof70 and @PAVoterID glad your Dad is set
to vote, please help us educate other PA voters w/ a RT?
photoidaskme.com


Committee of Seventy - http://www.seventy.org/COS_HM_Home.aspx


 

Gabi Hayes

(28,795 posts)
5. Cramer makes Martha Stewart look like Snow White. he should be in jail forever:
Sun Sep 16, 2012, 06:35 PM
Sep 2012

read this fascinating, but very long story. you can print it up.

http://webcache.googleusercontent.com/search?q=cache:-GL5fqHTXz0J:www.deepcapture.com/the-story-of-deep-capture-by-mark-mitchell/+cramer+jail+insider+trading&cd=9&hl=en&ct=clnk&gl=us

the bona fides of the main author:

I began working on a version of this story in January 2006, while serving as an editor for the Columbia Journalism Review, a publication tasked with upholding the standards of the American media. In November 2006, a hedge fund that was at the center of the scandal I was investigating offered the Columbia Journalism Review a great deal of money. Shortly before CJR accepted the money, I left my job, so I do not know if my editors, whom I believe to be honest people, would have allowed me to persevere. But I have no doubt that the hedge fund’s “beneficence” was aimed at preventing the publication of stories like this one.

snip:

The crimes are the work of Wall Street hedge fund managers and brokers who engage in a common trading strategy known as short-selling. A short sale is a way of making money when the price of a stock goes down. You borrow shares from someone else and immediately sell them off. If the price drops, you buy the shares back and return them to the original owner, pocketing the difference. If a company goes out of business, short-sellers hit the jackpot.

This is perfectly legal and unobjectionable. But some short-sellers do not play by the rules. A small group of powerful hedge fund managers stop at nothing to annihilate the companies they sell short. Their tactics include: 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.

Their most egregious trick is to sell “phantom stock.” By exploiting a glitch in Wall Street’s computerized trading system, and a loophole in federal regulations, some hedge funds sell virtually unlimited amounts of stock that they have not yet borrowed or purchased. This is often referred to as “naked short selling.” Hedge funds use this tactic to flood the market with supply and drive down prices – which is blatantly illegal.

Patrick has written a blog explaining how this works in laymen’s terms. An economist has written a detailed history of “failures to deliver” (i.e. stock sold and not delivered, because it is phantom stock) for Regulation magazine, published by the Cato Institute. A former SEC Chairman has spoken extensively against the problem. Many other researchers, several professors, a former SEC economist, and a former deputy secretary of commerce have also written papers on the subject. If you are interested in the mechanics of the crime, read some of those papers here, here, here, here, here, and here.----

{my own additon} the ''here's'' preceding this are all hyperlinks for the details mentioned immediately previous

>>>>>>>>

it's cached, so if you want to scroll down to the Cramer parts, he's highlighted, for easy access. I promise, you'll find this highly entertaining, as well as not-too-abstrusely informative. If I can understand the gist, anyone here can

highly recommended

 

Hoyt

(54,770 posts)
6. Jimmy, hope your dad votes for those who didn't try to disenfranchise hundreds of thousands of
Sun Sep 16, 2012, 06:58 PM
Sep 2012

traditionally Democratic voters.

PD Turk

(1,289 posts)
7. Typical mindset of the priveleged class
Sun Sep 16, 2012, 07:12 PM
Sep 2012

As long as HIS baby gets pulled out of the bathwater it was tossed out in, fuck everybody else. God I hate these people

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