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by timbowen
6296 days ago
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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. |
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