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In reply to the discussion: I sure hope Jim Cramer isn't going to be a regular on MSNBC, he is 100 times more abrasive [View all]Gabi Hayes
(28,795 posts)20. CJR, Deep Capture, whats the dif? Hahaha.....anyway read this and see what you think.
The link provided is time reversed......first installment is July 11, 2008, second is 7/15
http://www.deepcapture.com/tag/jim-cramer/page/2/
The link between Cramers pals, CJR, NYT, and why this story went nowhere, starts right about.....
Three years ago, Deep Capture reporter and Overstock CEO Patrick Byrne gave a famous conference call that he titled, The Miscreants Ball. His thesis was simple: Some short-selling hedge funds collude to destroy public companies by spreading misinformation, orchestrating government witch hunts, filing bogus class-action lawsuits, and, most egregiously, selling billions of dollars worth of phantom stock.
In the months that followed The Miscreants Ball presentation, a clique of journalists with close ties to short-selling hedge funds and CNBCs Jim Cramer (himself a former hedge fund manager), set out to sully the reputations of Patrick and everyone else who sought to expose short-seller crimes.
Cramer pal Joe Nocera, who is the New York Times top business columnist, wrote that Patricks crusade against hedge funds that sell phantom stock was loony beyond belief. CNBC contributor and Marketwatch columnist Herb Greenberg, formerly an editor with Cramers web publication, TheStreet.com, labeled Patrick the worst CEO in America for taking on the shorts (ie., the same shorts who are now paying Herb for independent financial research). Fortune magazines Bethany McLean, who has yet to write a story that was not sourced from a small group of short-sellers connected to Jim Cramer, suggested in an article titled Phantom Menace that Patrick should be fired from Overstock for speaking out against the problem of phantom stock.
At the time, I was the editor of the Columbia Journalism Reviews online critique of business journalism. The attack on Patrick was like nothing Id seen before, so I decided to write a story about the medias coverage of short-sellers and phantom stock. When Herb Greenberg and Joe Nocera got word of this, they both called my editor demanding that he kill the story. Cramer sent a public relations goon to delay the story. Then a short-selling hedge fund, Kingsford Capital, appeared in my offices and offered to pay my salary.
My successor at the Columbia Journalism Review is now called The Kingsford Capital Fellow. One of Kingsford Capitals managers was a founding editor of Cramers website, TheStreet.com. I do not believe that Kingsfords interest in the Columbia Journalism Review is philanthropic. And I do not believe that the Columbia Journalism Review, the nations premier media monitor is capable of objectively monitoring the financial media so long as its chief writer on the subject is paid directly by this very controversial, Cramer-connected, short-selling hedge fund.
In the months that followed The Miscreants Ball presentation, a clique of journalists with close ties to short-selling hedge funds and CNBCs Jim Cramer (himself a former hedge fund manager), set out to sully the reputations of Patrick and everyone else who sought to expose short-seller crimes.
Cramer pal Joe Nocera, who is the New York Times top business columnist, wrote that Patricks crusade against hedge funds that sell phantom stock was loony beyond belief. CNBC contributor and Marketwatch columnist Herb Greenberg, formerly an editor with Cramers web publication, TheStreet.com, labeled Patrick the worst CEO in America for taking on the shorts (ie., the same shorts who are now paying Herb for independent financial research). Fortune magazines Bethany McLean, who has yet to write a story that was not sourced from a small group of short-sellers connected to Jim Cramer, suggested in an article titled Phantom Menace that Patrick should be fired from Overstock for speaking out against the problem of phantom stock.
At the time, I was the editor of the Columbia Journalism Reviews online critique of business journalism. The attack on Patrick was like nothing Id seen before, so I decided to write a story about the medias coverage of short-sellers and phantom stock. When Herb Greenberg and Joe Nocera got word of this, they both called my editor demanding that he kill the story. Cramer sent a public relations goon to delay the story. Then a short-selling hedge fund, Kingsford Capital, appeared in my offices and offered to pay my salary.
My successor at the Columbia Journalism Review is now called The Kingsford Capital Fellow. One of Kingsford Capitals managers was a founding editor of Cramers website, TheStreet.com. I do not believe that Kingsfords interest in the Columbia Journalism Review is philanthropic. And I do not believe that the Columbia Journalism Review, the nations premier media monitor is capable of objectively monitoring the financial media so long as its chief writer on the subject is paid directly by this very controversial, Cramer-connected, short-selling hedge fund.
Pretty frickin amazing story, but how does one ever know the truth, considering the information gatekeepers are integral to the controversy, which still plays out TEN YEARS LATER!!!
Paul Krugman......wonder what he knows, what hes written about this.
Bet nobody here replies to this post
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I sure hope Jim Cramer isn't going to be a regular on MSNBC, he is 100 times more abrasive [View all]
Motley13
Mar 2018
OP
Really? I don't know who Jim Cramer is but Chris Mathews is shockingly rude
Corvo Bianco
Mar 2018
#8
Another self proclaimed expert who failed to predict or warn about previous stock crashes
wishstar
Mar 2018
#9
Hes a proven crook, who hangs around with crooks, shills for crooked stock schemes. There is a
Gabi Hayes
Mar 2018
#18
CJR, Deep Capture, whats the dif? Hahaha.....anyway read this and see what you think.
Gabi Hayes
Mar 2018
#20
Hes a frickn con man, WORSE, and on a bigger scale than Trump. See my post up thread yeesh
Gabi Hayes
Mar 2018
#21
Here's video of Jon Stewart handing Jim Cramer his head on The Dailly Show...
TheDebbieDee
Mar 2018
#14