Saturday, January 19, 2008

Should Jim Cramer Be Locked Up?

Nah. Save that for Greenspan.
(I'm not kidding, more Monday)

We've had some fun with Mr. Cramer:
Jim Cramer: Wrong as Wrong Can Be
(the first we heard on THE bet)
Jim Cramer on Warren Buffett's stock-picking,
Jim Cramer beats monkey in stock-picking contest,
UPDATE: Jim Cramer...,
What Jim Cramer does after beating the monkey.
Here's our complete Jim Cramer archive.

Now the New York Post weighs in.
(Not because of this, I'm sure:
"...You know what – I don’t work for Murdoch
-Jim Cramer, on Mad Money)

From the Post:

Should stock jockey Jim Cramer be locked up for aiding and abetting the subprime market meltdown?

The host of CNBC's "Mad Money" now owes $50,000 after losing one of the worst wagers of his entire career to rival trading wiz Eric Bolling.

Cramer, who favors the phrase "Boo Ya," made an on-air bet with Bolling about a year ago that financial services would be the hottest sector of 2007.

Bolling, a former trader at the New York Mercantile Exchange, placed his money on oil and gold.

Investors who took Cramer's advice would have taken a 30 percent hit to their portfolios as the stocks of financial titans such as Citigroup and Merrill Lynch got hammered by the mortgage crisis.

On the other hand, investors savvy enough to follow Bolling's bet on gold and oil would have hit the jackpot, as the hot commodities jumped over 60 percent in the same period.

Cramer, through a spokesman, blamed his loss on Federal Reserve Chairman Ben Bernanke's...

DealBreaker is running a poll:

...We pretty much think this falls under the Countrywide Clause (which states that anyone dumb enough to give Angelo “Tanning Bed” Mozillo their money deserves to get screwed) but what the hey, we’ll play along.

Jim Cramer should be:
  • Thrown in Jail.
  • Let off the Hook.
  • Raped by Cossacks
  • Made Head of the Federal Reserve.
  • Force Fed Deli Meats by Charlie Gasparino...
  • Stripped of his TV Show/Radio Show/Website/ NYM Column...
Go here to vote.