Jim Cramer (1 Viewer)

SoonerJim

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It's blocked here. What's he saying?
 
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bclemms

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He's railing on the financial reports coming from Wall Street right now, saying that they aren't accurately representing what's happening to the major banks and the insurers who back them. The video goes for about 12 minutes.
He says the insurers backing the banks will all go belly up. He says the banks are misrepresenting the write downs big time, he is slamming the SEC and the government for turning a blind eye to the exact thing they were formed to prevent. He basically says that all the government officials are in the pockets of the banks. Says this is going to take years to recover.
 

blackadder

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He says the insurers backing the banks will all go belly up. He says the banks are misrepresenting the write downs big time, he is slamming the SEC and the government for turning a blind eye to the exact thing they were formed to prevent. He basically says that all the government officials are in the pockets of the banks. Says this is going to take years to recover.
But that would be a kind of conspiracy between the banks, the regulators and the politicians, and we know those never happen...
 

champ76

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But that would be a kind of conspiracy between the banks, the regulators and the politicians, and we know those never happen...
It's probably less a conspiracy and more of a wink, wink, nod, nod. Cramer on CNBC this morning railed against his fellow analysts also, who are afraid to ask the tough questions because they might not be invited to the right parties at the end of the year, or there might be an awkward moment at the private school where all of their children attend. By the way, CT, I think he said this morning he doesn't play golf.
 

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