Henry Blodget Thinks Cramer Is A Fish In Barrell, Takes His Shot

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It’s time for a change of pace. You really didn’t think we were just going to blog about Blackstone all day long, did you?
Of course not. There’s always more in “What’s Happening In Jim Cramer” to write about. And, of course, we find it irresistible when another DealBreaker favorite, Henry Blodget, and Cramer find themselves in the same room. Or chat room. Or, you know, those two names appear on the same webpage.
(You can read more about Blodget vs. Cramer here.)
In his “How to lose your money fast” column on Slate, Blodget writes that Cramer may not be able to Boo-yah his way out of the mess created by his comments on the now infamous theStreet.com video. Blodget thinks the charges against Cramer are more serious than some think. In fact, Cramer’s remarks may amount to “professional suicide” according to the Blodge, who knows what he’s talking about when it comes to suicide. The floppy-haired writer made his living as an analyst before being barred from the securities industry for life as part of a settlement with the SEC.
“Can CNBC really say nothing when one of its most visible employees urges investors to use the network to engage in behavior that is questionable to say the least?” Blodget writes.
We’re not going to say anything about this whole “can CNBC really say nothing” question because they totally gave us a tiny red bull doll and a Cramer DVD after we went on the show last week. And champagne! And a trip to beautiful Englewood Cliffs! )
Okay, we’ll say just one word: Maria.
Meanwhile, DealBook points out that Cramer’s remarks probably haven’t won him many friends. “For those already predisposed to believe that hedge funds engage in shady practices, the interview seemed to confirm their worst suspicions. For many in the hedge fund business, Mr. Cramer seemed to smear an entire industry unfairly,” DealBook says.
Cramer vs. Cramer [Slate.com]
Did Jim Cramer Cross the Line? [DealBook]

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