An other video pulled from Youtube about illegal stock market manipulation schemes

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By thecounterpunch

A remarkably successful money manager when he ran the $450 million Cramer Berkowitz hedge fund, Jim Cramer, CEO of TheStreet.com [NASDAQ:TSCM], in a webcast on his website (it seems to have disappeared now !), gave a number of different examples of manipulation. For example he shared his “tips” on how to drive a stock price down so that a short-position - a bet that a stock price would drop - remains profitable.

He added that the strategy - while illegal - was safe enough because, “the Securities and Exchange Commission never understands this.”

Cramer later said that no one else in the world would ever admit that, but I don’t care.”

However, seconds later, he acknowledged, “I’m not going to say that on TV,” referring to his show on CNBC.

Still he was flamed by CBS Marketwatch to have broadcasted it also on youtube, that's why he decided to retire it from this mass-public eyes-seeing. This time it was his own decision, not youtube decision contrary to the pull-off of Dick Cheney Video Speech.

Nevertheless this example once again shows that though information can be available elsewhere (transcript on whitehouse.org for the Dick Cheney Video, or CBS Marketwacth for Jim Cramer Video), what counts for the cover-up is that it doesn't reach the mass-medias like youtube and CNBC. In fact it seems what they fear is the linking to the videos with the risk of spreading all around Internet since the pull-off of Dick Cheney began when I started linking to it.

Comments

Jam's Blast profile image

Jam's Blast 4 years ago

Interesting ~ but makes me ill to think what people will do for money. Perhaps that is why I am rather poor! Lol! At least I can sleep comfortably at night. Thanks for the heads up.

mcx tips 7 months ago

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