TRADER EMPLOYED BY CNBC'S CRAMER SAYS GOLDMAN RAN IPO SCAM,

NY POST ^ | 5/13/02 | JESSICA SOMMAR and BEN SILVERMAN

[Liz]

The Post has learned.

Nicholas Maier, a former executive at loud-mouth television commentator Jim Cramer's hedge fund during the go-go late '90s, had a ringside seat to the goings-on. He told The Post he spoke for six hours with investigators from the Securities and Exchange Commission.

[genefromjersey]

Jeez ! No wonder former Goldman Sachs CEO Jon Corzine was able to finance his own election ! ( He spent a record $51 Million, as I recall. )

[eraser X]

Robert Rubin came from a 26 year career at Goldman Sachs -- and many of Clinton's economic defenders -- like Robert Hormats who was a huge supporter of the Mexican debt bailout.

[ThreeOfSeven]

Not a one of them ever does. Ask them if you don't believe me. They only have the best interests of their constituents in mind when they take the oath. Bad legislation and these scandals just happen, but then that's why there is the media to keep us all informed.

LOL

[Night Hides Not]

Yessirreee...and these upstanding citizens will soon be getting their tax and accounting tips from the newest member to their 'club', David Duncan.

How are these people able to look at themselves in the mirror? Silly me, THEY DON'T HAVE ANY MIRRORS IN THEIR HOMES!!!

[NativeNewYorker]

Corzine ran Goldman's trading operations.

[Dialup Llama]

>Does anybody think that last Wednesday's 300+ point runup was caused by legitimate market news?

This speculation is no mere freeper conspiracy theory.

http://www.thestreet.com/markets/aarontaskfree/10021731.html

"This kind of a rally was extraordinary ... so extraordinary that I have to consider buying power outside of the bounds of the usual technical, short-covering bear market rally variety," he said. "And I can't help coming to the conclusion that covert Fed intervention may have been present today."

[d14truth]

Two ways to keep Social Security going on much longer - 1)Raise taxes, 2)Reduce beneficiaries

Either way somebody gets 'killed' by another one of the government's 'acts of kindness'.(Medicare will wind up as bad or worse)

[Harrison Bergeron]

Cramer's evening radio program is as unlistenable as his TV show is unwatchable. Who want's to listen to somebody shout at you for an hour every night? And how can you trust somebody who spends half his show carefully explaining how trustworthy he is? Oh... and then there was his ten minute monologue about how that "brave, embattled victim of sexism" - Carly Fiorini - was "rescuing" HP from a fate as a "tech creator" by bringing in Compaq and turning HP into a "tech exploiter."

[Registered]

#6 LOL.

[Liz]

Sen Corzine bought his seat with $63 million of his own money....
You don't suppose he had ulterior motives for getting into politics?

You're so cynical. Next you'll be saying Hitlery has an ulterior motive for being in the Senate. (/sarcasm off)

[razorback-bert]

bump mark to read later and call

[rohry]

Cramer is on CNBC this morning and one of the co-hosts brought up this article and dismissed it in the same breath! He basicly said it was bull without even discussing it with Cramer...Cramer just smiled...

[Liz]

Cramer's evening radio program is as unlistenable as his TV show is unwatchable........how can you trust somebody who spends half his show carefully explaining how trustworthy he is?

Yeah, I wouldn't trust anybody who tells me how trustworthy they are.

......then there was his ten minute monologue..... how that "brave, embattled victim of sexism" - Carly Fiorini was "rescuing" HP from a fate as a "tech creator" by bringing in Compaq and turning HP into a "tech exploiter."

OMG. He really said that? What an a@@.

[rohry]

Thanks for the link. I had seen these remarks quoted elsewhere but its good to see the origin. Here is another link concerning bubbles and manipulation:

Housing Next?

[conserve-it]

Did you listen to Cramer when Street.com stock was in a free fall?? It was hilarious watching him state his stock had a cash value exceeding the then current price... ROTFLMAO

[Harrison Bergeron]

"Yeah, I wouldn't trust anybody who tells me how trustworthy they are."

Sarcasm noted. But where I come from, trust is earned, not sold like hot dogs at a ballgame "Trust heeeeeerrre! Git yer trust heeere!"

As for the Fiorini comment - Cramer tells people not to buy or sell based on emotions - then weeps for Carly Fiorini on the air and begs people to buy HP as a way of showing support for a poor innocent victim of sexism. He's a putz.

[Liz]

Did you listen to Cramer when Street.com stock was in a free fall??
Accidentally surf by the show now and then. Would NOT delberatley watch it (though I love Larry Kudlow).

It was hilarious watching (Cramer) state his stock had a cash value exceeding the then current price...
What an a$$. There are idiots who would do anything to make a buck.
Then there's Cramer....he'd say anything if you paid him a dime.

[Liz]

Cramer...(on CNBC) and one of the co-hosts brought up this article
and dismissed it in the same breath!.............Cramer just smiled........

That's an old tired ruse. Planting the thoughts he wants you to think via a third party,
producing his own buzz. Cramer must be desperate to think viewers will fall for it.

[conserve-it]

ROTF. I quit watching them 2 years ago. I used to make money off them by watching them tout a stock, let the day traders run it up, then I would short it;-)

[dighton]

Speaking of IPO scams ....