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  • pws112 pws112 Mar 16, 2009 1:45 PM Flag

    Jim Cramer - the "Criminal"


    Overstock CEO Calls Jim Cramer a “Criminal.”

    Patrick Byrne Will Be On The Daily Show Tonight 11PM

    Dear Honored Client,

    We take seriously our duty to save you money. We know the current financial crisis is of concern to many of you. If so, you may find this interesting. Otherwise, please just enjoy your shopping.

    In recent weeks, "The Daily Show"'s Jon Stewart has exposed TV personality Jim Cramer as a liar (see these recent clips, 1 2 3). But I think he's worse: I think he's a criminal.

    If that sounds hard to believe, please see this video (which Jim did not expect to reach the public) of Jim Cramer bragging about using the press to manipulate the stock market illegally. For a full analysis of the career of Jim Cramer, please read my essay: "Jim Cramer is a Complicated Man."

    Warren Buffet says that, "If you ever sit down at a poker table and in 15 minutes haven't figured out who the pigeon is, you're the pigeon." Similarly, if you are getting any advice from Jim Cramer or CNBC, you are the pigeon. CNBC is a 24/7 hedge fund infomercial designed to trick you into making bad investments for the benefit of hedge funds. Again, watch the tape of Jim. Then read the critique. Then turn off CNBC.

    Or else, just ignore this message and enjoy your shopping.

    Most respectfully,

    Patrick M. Byrne, PhD

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