Just checking to see if someone besides the typical authorized Yahoo spammers can post the same link. (Maybe each link is pre-authorized.) The rest of us are severely limited on what links are allowable.
There is a book written by Les Leopold titled: “How to Make a Million Dollars an Hour: Why Hedge Funds Get Away with Siphoning Off America's Wealth”. (There will be no test of Yahoo’s “anti-spam” policies on this one.) It is available on Amazon. There are some interesting reviews of the book there that identify a large criminal element within the hedge fund industry. Cramer belongs to this crowd.
Leopold was interviewed recently, and refused to identify one of the participants in what amounts to criminal behavior because of the fear of being sued. Such fear seems here to be overstated since we still have a 1st Amendment in the US Constitution, and a number of law firms that will operate on a pro-bono basis, such as the Spire Law Group. Further the identity of the person he would not name has been widely written about in the financial press, John Paulson, who put together mortgage backed securities designed to fail for JPM, placing within mortgages with nearly a 100% risk of failure, then getting a high rating for the hedge fund for JPM clients to buy into. When the fund tanked Paulson, who bet against the hedge fund walked away with the loot.
Be careful all of you PM investors. This is what you are up against.