Busted: CNBC Sleaze Jim Cramer Blabs on How He Shorted Stocks and Manipulated Markets

By Julie Satow , Huffington Post
Posted on March 12, 2009, Printed on May 26, 2012
http://www.alternet.org/story/131334/busted%3A_cnbc_sleaze_jim_cramer_blabs_on_how_he_shorted_stocks_and_manipulated_markets

In light of the current economic crisis, and with the hullabaloo ignited recently by Jon Stewart over the accuracy of CNBC's reporting, we thought it might be useful to revisit this shocking 2006 interview Jim Cramer gave to TheStreet.com's Aaron Task.

In it, the host of Mad Money says he regularly manipulated the market when he ran his hedge fund. He calls it "a fun game, and it's a lucrative game." He suggests all hedge fund managers do the same. "No one else in the world would ever admit that, but I could care. I am not going to say it on TV," he quips in the video.

He also calls Wall Street Journal reporters "bozos" and says behaving illegally is okay because the SEC doesn't understand it anyway.

Here are some gems:

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