Friday, March 23, 2007

Cramer: He Talks About Us, We Talk About Him

By RODDY BOYD, The New York Post, March 23, 2007

Controversial CNBC "Mad Money" host Jim Cramer took to the airwaves yesterday to try and dig himself out of the public relations disaster he launched when a video clip of him discussing how to manipulate stock prices came to light.
In a Webcast clip, which was posted Dec. 22 on TheStreet.com, Cramer appears to - at least tacitly - endorse manipulative stock trading practices, including spreading rumors to "a bozo reporter" at The Wall Street Journal and CNBC reporter Bob Pisani.
In the widely watched clip, Cramer said that a hedge fund manager engaging in these dubious practices had little to fear since the "Securities and Exchange Commission doesn't get it."
Calling in to MSNBC's "Imus In The Morning" program yesterday, Cramer alternated between blaming himself for not being "more clear" and the New York Post - which first reported on the clip - for his woes.
"I learned a big lesson here: you got to be a little more clear . . . you can't be as glib, because people will interpret this as being that you're a bad guy," Cramer told Don Imus.
Cramer was directly apologetic about his video clip references to CNBC's New York Stock Exchange reporter Bob Pisani....read more: here

3/23/2007 08:36:00 AM

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