Cramer: Fire Chris Cox

[harun]

Run time: 03:59 https://www.youtube.com/watch?v=M7QsQ4VVCNI   Posted on YouTube: September 17, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: September 18, 2008 By DU Member: harun Views on DU: 1343

 
Cramer voices his disgust at the massive seizing of assets going on from the current administration and the incompetence at the SEC.

[Tutonic]

1. I have to agree with this nut. Cox should be fired. And be prepared

for some serious bloodletting during the next week..the speculators are shorting the market and we may see three or four other companies tumble or be taken over in an attempt to stay afloat. Cheney is behind this and Bush the idiot is home drunk.

[whistle]

3. Who has control of the Obama campaign trust fund which is about $350 million?

...Also, who controls the McCain campaign trust fund that is around $500 million?

If either of those funds are stolen or lost we won't have an election!

[whistle]

2. The Bush crowd is not communist as Cramer suggests, but criminals

...engaged in capitalistic larceny, pure and simple. What will now happen is that the assets which have been stolen will be turned over to the Bush cronies and new private owners will have those assets to do with as they wish. One private capitalist taking the assets from another private capitalist is fascism not communism.

But I do like the suggestion by Cramer that Chris Cox be fired as head of SEC immediately and replaced with someone not connected with the Bush criminal gang maybe appointed by an independent congressional committee. But this has to be done before the end of this week.

[4turePrez]

4. COMMUNIST tactics where the Government takes hold of and owns the private sector.

Correct me if I'm wrong, but didnt Vladimir Putin and his cronies do something very similar? What strikes me is that in July of 2007, the SEC eliminated the safeguards that were in place to prevent the actions we've seen in the last few weeks:

http://www.investopedia.com/terms/z/zeroplustick.asp

Yet, after the money has been made, and private sector corperations have been seized/bailed out by the government...i.e. Taxpayers, the SEC re-wraps the old regulation in a new suit and implements it:

http://news.yahoo.com/s/ap/20080918/ap_on_bi_ge/sec_short_selling

ARE YOU KIDDING ME?

It's all way too convenient. I'd be very interested to know how many people close to the bush administration or even the GOP made money off of this situation. Anyone out there with the information? I think it is worth a congressional investigation.

[whistle]

5. Bush's crony insiders, that's what I'm saying, these are fascist nationalization tactics

...not communist, the collective workers get nothing of any of this, but a small circle of cronies will and they are currently in the shadows, but when they come out they will be in control of everything or will have stripped the assets and left. Thing is fascistic pure and simple.

[Frisbee]

6. Will anybody be surprised if...

Haliburton spins of a new "Financial arm" and buys up Fanny, Freddie and AIG (and who know who else) for pennies on the dollar with some kind of sweetheart deal. This has been a grab which probably has Cheney's paw prints all over it. Someone is going to get even wealthier than they already are over this after the dust has settled.

[trthnd4jstc]

7. I am not a capitalist, but I like Mr. Cramer because he deals with realtity over idealism.

Even though I claim to be a democratic socialist. I am against the violation of the constititution. I believe in democracy. I do not believe that the free market is sancrosanct. I believe in wise democratically created regulation that serves the many. And, finally, I believe that short sellers and speculators need to be regulated out of the market. The Free Market is an ideal that cannot stand on its own. Markets can be gamed. And what Mr. Cramer was saying about AIG, and Lehman Brothers was totally right. Both companies with some breathing room should have been able to make it.

I am highly concerned about what will happen. Personally I believe in a monetary system based similarly to the Ithica Dollar, that is an Hour of Labor, as a medium of exchange. I oppose exploitation of any and all Labor, and believe in fair trading. I despise the whole notion of getting rich off of other people, and believe in getting rich off of having good trading practices, and having high demand for ones products and services, but more than that, not seeking wealth, just a fair trade. The people who have been running our world are no less than traitors, guilty of treason, and devils.

[krkaufman]

8. Cramer is such an egotistical twit. He acts as if his getting one thing right ...

... whatever it might have been, is anything other than random luck given all the nonsense he regularly spews. How about somebody put together a batting average for Cramer, and see how good his performance looks then. (I see he's still working for a living, so I don't expect he struck it rich on his genius just yet.)