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Cramer Rages on Banks: 'Where's the SEC?!'

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posted on Jan, 17 2008 @ 01:42 PM
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Cramer Rages on Banks: 'Where's the SEC?!'


www.cnbc.com

Why isn't the Securities and Exchange Commission getting more involved in the whole banking sector writedown situation? Especially since the numbers are likely to get worse, not better? That's what Jim Cramer, CNBC's resident stock guru, wants to know.

Cramer made his comments while reviewing results from Merrill. But his real consternation surrounded the insurers who cover banking investments. Some of those insurers haven't come clean about their liabilities, Cramer speculated. Eventually they will, and then the "fiction" will disappear, he said.
(visit the link for the full news article)




posted on Jan, 17 2008 @ 01:42 PM
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Cramer, a man I deeply admirer, blows his top once again on CNBC about those individuals who covers up their losses.

Very good video to watch.

www.cnbc.com
(visit the link for the full news article)



posted on Jan, 17 2008 @ 01:44 PM
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Cramers a tool and I wouldn't take his advice for anything.



posted on Jan, 17 2008 @ 01:51 PM
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US Indices

Nothing, but red today



posted on Jan, 17 2008 @ 02:49 PM
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It's got VERY ugly now..

DOW is down nearly 350 points!




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