Jim Cramer’s Video Gets Pulled Off YouTube

[…] gives some after coverage on the Jim Cramer Interview that stirred up so much controversy,  and he hooked us up with an link to some audio after the […]

Here’s the video — http://www.thestreet.com/video/cramermarketupdates/10329438.html

I have never held Cramer on a high pedestal for the reasons demonstrated on the Wall Street Confidential. It just proves to all of the conspiracy theorists on hedge funds that there money is a wash with irresponsible managers and all of this is lumped into the concept of a hedge fund! I am sure that the long-short equity does have games that are played like this on a constant basis and I have seen similar in the foreign exchange markets but to have to go as far as making sure people know what they are doing is illegal is beyond irresponsible. Disclaimers are in place in a Private Offering to categorize the risk, which the client will understand but taking it to the point that you would have to commit illegal acts to justify returns just shows the quality of management Cramer is. Do we think that Warren Buffet had to do this? Remember that many hedge funds are doing exactly what they set out to do and that is cover exposure and risk for the underlying client like a pension fund. I think he is giving the industry a bad name and only trying to sell his show and ego. Cramer is not a money manager…he is an actor. Evan Andersen Lydia Capital