The Greatest Depression | 01/08/2009 4:05 am
CNBC's Cramer Calls for Indictments (About Time)
Oh, yessssss, fellow pitchfork populists, turn off the tine sharpener for a minute and stop thanking Shiva yet again for not letting George Bush privatize your Social Security checks, to hear that last night, one of the most influential voices on Wall Street, the buffoonishly brilliant Jim Cramer of CNBC’s Mad Money, staged a 12-minute rant calling for wholesale indictments and perp walks and invocation of RICO racketeering laws for the Big Boyz of Wall Street. Using a Lehman Brothers cap as a totem, Cramer called for a special prosecutor to round up the reckless whose hubris, greed and, as is increasingly clear to even their biggest apologists, criminality, destroyed the financial underpinnings of the whole damn country.
It’s delicious. Let’s listen in …
Jim Cramer’s Rico Rant of 1/7/09
Do not be fooled, gentle ladies of wowOwow, into thinking that just because this guy uses honking horns and silly props and hideous asides and ridiculous jokes that every word of this tirade of his isn’t making the blood run cold in certain Park Avenue penthouse perches and hedge-fund hedgerow hideouts in the Hamptons and Greenwich. And that Lehman Brothers hat he wore as a prop? That sucker will end up in the Smithsonian some day.
And you can rest assured that his final remarks are making the rounds this morning in the halls of a Justice Department now led by a president-elect who campaigned on change:
Memo to Eric Holder, Barack Obama’s new head of the Justice Department: We need right now a special prosecutor just for financial crimes. We’ve got to get to the bottom of this unless you’ll (his viewers) never come back to the stock market.























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