Jim Cramer just said on CNBC's "Stop Trading" that President George Bush has changed his views on Fannie Mae and Freddie Mac. Cramer said that neither company needs capital, and that the stocks of both companies should be "done" going down.
"He took the New York Times position off the table," Cramer said.
Cramer pointed out that Bush's remarks yesterday called for "legislation" on Fannie and Freddie, which he says indicated the companies would be privatized. Today the president seemed to take a different tone with regard to Fannie and Freddie.
Posted by guest , Jul 11, 2008 3:12PM
Cramer has been saying alot of crazy things lately. Frankly, if I was CNBC i would have yanked him after that whole BSC embarrassment. Lets face facts, Cramer is wrong alot mre than he is right. Baarrons ripped him a new one last year. Guy is a complete tool
Posted by pdtrading , Jul 11, 2008 3:25PM
Cramer is only saying this because, quite frankly, he is a fucking idiot. Can't we just send someone down the CNBC studios to kick the everloving shit out of him?
Posted by Anal_yst , Jul 11, 2008 3:31PM
I have it on good authority he hangs out on wall street a few times a week, driven in a blackis/navy 750il or a s63amg, actually walked past him a few times, paranoid, Golumn-looking creature in person. Point being, you don't have to go to Englewood Cliffs to kick the shite out of him. Just saying
Posted by guest , Jul 11, 2008 3:34PM
Pretty sure I saw him hanging out near goldman yesterday.
Posted by guest , Jul 11, 2008 3:35PM
Cramer is nothing more than Gasparino with Goldman on his resume. Often wrong but never in doubt.
Posted by pdtrading , Jul 11, 2008 3:44PM
Actually, Cramer isn't nearly as much of a suck-ass as Gasparino. Otherwise, yeah, I don't see too much difference. Wouldn't it be great if they got arrested for something and got sodomized in prison?
Yeah, I don't have any angst right now.
Posted by NSD , Jul 11, 2008 3:48PM
charlie g and cramer end up sharing a cell. who's the top and who's the bottom?
Posted by guest , Jul 11, 2008 3:49PM
just remember who was pounding the table when BSC was $60.
Cramer's a smart guy to learn lessons on investing, he's not your man if you are looking for hot tips or otherwise.
Posted by pdtrading , Jul 11, 2008 3:51PM
Maybe Jimbo and Charlie G. can both switch hit.
Posted by guest , Jul 11, 2008 3:51PM
If Cramer says "the stocks of both companies should be "done" going down" that pretty much means they're doomed, doesn't it?
Posted by guest , Jul 11, 2008 4:49PM
"Often wrong but never in doubt", isn't that the old joke about everyone with an MBA? (Cramer does not have an MBA, as far as I know).
Why are you folks so ticked off by Cramer? He’s a Harvard boy, like so many of you. Other than the fact that he acts like a nut on TV, how is he different from anyone else on Wall Street?
He seems to have a better moral compass than the average person on the Street (although, that is not saying much). He is the first person to say you should not blindly follow his advice. He is simply another source of information, another opinion to evaluate.
The way I look at it, he is the mascot for your "industry".
G
Posted by guest , Jul 11, 2008 11:14PM
Let's request one China's intercontinental ballistic missile inserted into his mouth so he will shut his nonsense investment advice up.Does anybody listen to him?The only person listening is Erin "Damn b*tch" Burnett (glad not to watch that show).He alledgedly jumped off the fence of his hedge fund biz when he realized the stock market is screwing up.He is now driving CNBC viewers away.
Posted by guest , Jul 12, 2008 12:30AM
i am so sick of cramer and his booyah bullshit. he walks around preaching to a choir of blue collared investors/traders/dummies.
Posted by guest , Jul 12, 2008 8:53AM
cramer, like CNBC, is laughable. Like a circus act (and not the good kind of circus that comes to MSG... sort of like the bad "Water for Elephants" pansy-ass circus) it all makes Fox Business look more and more legit. And who woulda thunk it? Besides,the babes are hotter and the dudes aren't wrong 90 percent of the time.
Posted by guest , Jul 13, 2008 12:30PM
i wonder why CNBC and MSNBC reporters love controversies and intrigues.are they that desperate to become famous or no. 1?i think they need to get training in biz behavior, professionalism and most importantly SENSITIVITY training.
I watched Cramer's Mad Man(or Cow) ones and this shit is too old for that antics.He appeared retarded more than funny.