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"I Just Want To Apologize In Advance That I Don't Have Enough Subpoenas For All Of You..." (MUST SEE)


Cramer with Preet Bharara, U.S. Attorney for Southern New York at CNBC's Delivering Alpha conference in front of an audience of hedge funds.

Runs 2 minutes.

The full interview is below.  It's actually decent work from Cramer.  We wonder if the U.S. attorney is aware that during the internet bubble Jim used to go on CNBC in the pre-market and hype whatever low-float junk ipo his hedge fund had loaded the night before, while giving instructions for his staff to sell the position into the 20% gap-up caused by his frenetic, foaming on-air hyperbole.  It's in print.  He fessed up to the scheme a few years ago.

And we used to short the living shit daylights out of his bubble picks, and we won.

Redback Networks, anyone...


 Full interview.


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Reader Comments (7)

This non-stop fraud shit is enough to make one physically ill.

Notorious "Foreclosure Mill" Harmon Law owns Commonwealth Auctions. Take a look at the auction "bids" submitted by Fannie Mae and HUD on June 8, 2012. Shortly after this was printed, the Commonwealth Auction website was taken offline..for approximately one week. It's fine now. The fraud is all patched up.

I'm surprised I haven't gotten kicked off scribd yet.

Jul 19, 2012 at 2:48 PM | Unregistered Commenterchunga
not to worry. in the new Bizarro World of the U.S.S.A. and Britain, UP is DOWN, DOWN is UP, Black is White, White is Black, Commerce is Fraud and Fraud is Commerce.

next, they'll be DELIVERING GARBAGE in the U.S.S.A. and Britain, instead of coming to your house to collect it.

you'll see. everything will be fine. just ask Jon Corzine.
Jul 19, 2012 at 4:32 PM | Unregistered CommenterJON CORZINE'S CONSCIENCE
I like how he said "the people need to believe that the markets are fair.". He didn't say anything about actually making the markets fair!
Jul 20, 2012 at 11:07 PM | Unregistered Commentermike
Major kudos to the U.S. Attorneys Office for S.D.N.Y.

First, it's Neil Barofsky with his first-hand account of the financial bloodbath visited upon Main Street by chainsaw-wielding fraudulent psychopaths from Wall Street--with the unrelenting assistance of the U.S. Treasury. Next, it's Ben Lawsky and his damn-the-federal-regulators attack on Standard Chartered's illicit dealings with Iran. Now comes Preet Bharara with this full frontal on hedgies following his successful prosecution of Raj.

If I weren't so completely jaded by the willing role of the U.S. government in advancing the criminal agenday of financial elites, I'd probably notice that these guys are all in their early 40's and cut their prosecutorial teeth together, which might even lead me to identify a nascent force of anti-corruption at work here. And that in turn might lead me to find a ray of hope for America here.

But alas...
Aug 12, 2012 at 11:14 AM | Unregistered CommenterCheyenne
Aug 13, 2012 at 3:27 PM | Registered CommenterDailyBail
I've been thinking about this since yesterday. Why doesn't Preet investigate Corzine, and just bypass Eric Holder? I think the answer is that Corzine is still untouchable under the Obama administration. But he wouldn't be with a Romney victory.
Aug 14, 2012 at 3:50 PM | Registered CommenterDailyBail

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