CNBC: Jim Cramer Called Out - 'Most Previous Guests Public Relations for Goldman'

[Hissyspit]

Run time: 05:27 https://www.youtube.com/watch?v=7ipXCs0dlkY   Posted on YouTube: April 17, 2010 By YouTube Member: steve3947 Views on YouTube: 10   Posted on DU: April 18, 2010 By DU Member: Hissyspit Views on DU: 2125

 
CNBC - April 17, 2010: Fast-forward to 3:00. Sylvian Raines of R&R Consulting says "Yes, thank you, Erin. I'm pleased to be on this show since most of your previous guests were public relations officer for Goldman. Is it o.k. if I'm a little critical."

http://www.huffingtonpost.com/2010/04/17/jim-cramer-insulted-by-sy_n_541659.html

Jim Cramer Insulted By Sylvian Raynes On CNBC, Erin Burnett Kicks Raynes Off Show (VIDEO)

Huffington Post | Nicholas Graham First Posted: 04-17-10 12:42 PM | Updated: 04-17-10 01:30 PM

Sylvian Raynes of RSR Consulting is unlikely to be asked back on CNBC after yesterday's performance during a segment hosted by Erin Burnett.

Burnett had Raynes on to discuss the fraud charges against Goldman Sachs. He thanked her for inviting him, and then promptly began insulting her show and personally going after CNBC's Jim Cramer, a Goldman Sachs alum who was also on the panel.

- snip -

Burnett objected to his charge, but Raynes had already moved on to insulting the intelligence of Cramer: "I want to remain shallow in deference to Mr. Cramer."

Raynes made a couple points against Goldman before Burnett cut to commercial, telling the audience, "We'll be back in just a second. Sylvian will not be with us. Sylvian, got to be more polite than that."

MORE

From Wikipedia: http://en.wikipedia.org/wiki/Jim_Cramer

Response to Abacus 2007-ACI Goldman Sachs fraud allegation

Cramer said on April 16, 2010, that the government case against Goldman Sachs is weak for many reasons, including: that ACA Management performed an independent audit of Abacus 2007-ACI to show what was included in the security, that the purchasers of Abacus 2007-ACI. should have thought more carefully before buying the collateralized debt obligation but that they appeared to desire a security that bet strongly on increased housing prices, that there was full disclosure from the ACA audit, that Goldman Sachs put US$90 million into the investment vehicle too, that Goldman could not reveal the name of the other entity on the other side of the trade (even if it wanted to) because of legal constraints related to privacy and privilege, that this vehicle was bought out of perceived financial planning by Paulson, i.e. that some felt housing would go higher while others thought it was doomed to collapse-- much like the bets that proved unwise for an extra thousand NASDAQ points in the final year of the dot com boom in 2000--and, additionally, in disclosure that discusses factors that could objectively be seen as contributing to his own possible bias as related to Goldman, Cramer pointed out that that he had worked for Goldman, that he had made a lot of money at Goldman, that he owes much of his success to Goldman, that he has friends at Goldman, that he also believes in prosecuting securities fraud when it happens, that he come son the show and puts up a wall of shame to point out where he believes wrong occurs on Wall Street, and that he, in fact, had testified on behalf of the government, Cramer says, in a case that resulted in the longest sentence for a securities violation, (presumably a behind closed doors Madoff case, but Cramer did not clarify which case in particular).

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[chollybocker]

1. That was so good, I'm going to watch it again.

Cramer is a jester in Goldman's court. Audit his ass off, too.

[CoffeeCat]

2. Cramer has all ready been called out....

Months ago, Jon Stewart called out Cramer for his
recklessness and how he acts as the PR wing for
Wall Street on his show. Cramer kept toeing the
line for Wall Street, even before the crash and
many Stewart called him out.

Jim Cramer looked like an idiot and like the complete
corporate flack that he is. However, here we are again--
with someone else pointing out (accurately, I might add)
that Cramer's show is a marketing tool for Wall Street.
Cramer isn't selling truth or information. He's selling
what his Wall Street buddies tell him to send.

Cramer has had a few moments of clarity. When he melted
down on his own show--practically admitting that he's under
a great deal of pressure from many corporations--to do their
bidding. However, most of the time he just returns to being
a paid shill.

Now, we're all discussing what a court jester corporate mouthpiece
Cramer is. Will we ever just learn and quit watching this charlatan?

And Erin Burnett specializes in disinformation as Cramer does. She's
a total spin artist for Wall Street.

[Hissyspit]

3. Well, yes. He was shown to be corrupt and a liar. I hope people remember that.

The reason he has the gall to continue to appear on television is money.

[Stuart G]

15. Plus, some people listen to him...He should be gone yesterday..

[Enthusiast]

6. Cramer serves the same purpose as

Glenn Beck.

[tomm2thumbs]

9. Goldman Sachs, the most profitable company in Wall Street history

and Cramer's nervousness on television makes me wonder if he's connected with anything going on behind the scenes - we'll have to wait and see

[hulka38]

4. CNBC is the worst, most irresponsible channel on the menu.

Yes, even worse than Fox IMO.

[Enthusiast]

8. Pure misinformation

just like Fox.

[Enthusiast]

5. Fuck Cramer!

Regulate these assholes!

[INdemo]

10. Just as the Insurance Companies were able to muster up millions to fight

and defeat real healthcare reform Goldman will reach into their legal fund and find millions to defend against this fraud charge. They might get a slap on the wrist from much lesser charges once the money fills the right pockets.

[Enthusiast]

11. Yup, I don't doubt it for a minute. nt

[tomm2thumbs]

7. Cramer had 'guilty' written all over his attitude and body language - that says it all /nt

[dotymed]

13. Cramer has already done a "mea-culpa"

for using his show as a corporate shill. Now he is trying to act like he never had ties with Goldman? Typical...

[tomm2thumbs]

17. just like John McCain's brain, it's like writing in pencil & someone is following with an eraser

except for all that video evidence, which no one seems to erase

[icee]

12. Screw Erin Burnett too! I am so sick of this half-wit farm girl

pretending she knows anything. Cramer is a crook, has always been a crook, and will always be a crook.

[fascisthunter]

14. Here's a Perfect Example of How the Media Takes Care of Big Business

he wasn't rude, was telling the truth... his point was that these individuals speaking on the show are shills, and he is correct. It's pretty obvious CNBC has some explaining to do in why they really silenced this man by kicking him off the show.

[TheEuclideanOne]

16. Yeah, kick him off

What other choice did they have? It is not as though they could defend themselves against anything that he said.