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by timbowen 6296 days ago
The web interview where Cramer admitted to manipulating stock values with his hedge fund seems pretty damning to me. It betrays a mindset focused on manipulation, rather than providing any kind of real economic value. While Cramer might be only one small cracked cog in the broken machine of banking, he had the opportunity to investigate and expose the inherent instability in the financial system but instead rode the wave like everyone else.

What happened to real journalism? With Uncle Rupert's claws sunk into the Wall Street Journal the future of quality investigative reporting seems dim.

1 comments

Is quality investigative reporting only the prerogative of the media establishment? I mean, is there something they have that the common person doesn't? I know it used to be an effective way of publicizing their ideas, but it looks like everyone has that now.