So "Mad Money" Jim Cramer Walks Into A Bar

[NoTeaPartyPleez]

Does the OP know Jim Cramer is a Democrat and endorsed Obama for president in 2008?

Crap, beat me to it!

GS, his former employer, is known within the industry as a Democrat house.

.

As is Jamie Dimon and JPMC gave handsomely to Obama's campaign.

 

[NoTeaPartyPleez]

I saw it coming. Anyone with half a brain did. I profited handsomely from seeing it coming.

So, yeah. Anyone in the financial world who did not see it coming was either a blazing idiot, or evil.

Plenty of evil people saw it. And they committed fraud on those who didn't. The evil took advantage of the stupid. See Abacus 2007-AC-1 for an example.

Tell us another.

Did you look at Abacus 2007-AC1?

You want another? Okay.

Timberwolf. Tom Montag.

Another?

Brian Stoker and his fraudulent Class V Funding III CDO-squared.

Another?

Angelo Mozilo: http://www.sec.gov/litigation/complaints/2009/comp21068.pdf

Countrywide was one of the big lenders who originated the NINJA loan. BofA stupidly, and I mean STUPIDLY, bought them out and that's where I saved roughly $132K.

 

[TemplarKormac]

Jim Cramer walks into a bar and says "SELL SELL SELL me a beer!"