Commentary and details from the interview are below.
Nails filed for chapter 11 this week. Jane Wells made the mistake of requesting an interview. It's a slow-motion train wreck.
Dykstra exhibits characteristics of opiate addiction: his rambling, slightly slurred speech; his inappropriate sense of humor about his stuttering mortgage broker; manic visions of The Players Club; and his failed talking point that his problems have been caused by mortgage fraud.
The story he tells should be held as an example of the shady excesses that were commonplace during the real estate bubble. Dykstra is so looped in this clip he doesn't see the personal irony.
His entire investment career is fraudulent. Amazing that Cramer used to feature him prominently on TheStreet.com. But Cramer is no champion of the truth either, so perhaps it was fitting.
Full story from Jane Wells (CNBC bright spot).
