Ridiculous Jim Cramer comments on Cuomo

Here is the post from thestreet.com, where James Cramer pontificates on Cuomo's "inquisition" of Washington Mutual.



For one thing, Jim Cramer's contention that Cuomo should keep this growing subprime fraud under wraps is ridiculous but shows irrationality of Jim Cramer. Cuomo has the fiduciary responsibility and the obligation to bring "truth" and "justice" to the public. Additionally, if WaMU engaged in fradulent lending practices, then why shouldn't they be investigated, tried fairly, and then be brought to justice?

Cramer contends that it will adversely panic the market and cause unecessary loss of market capitalization in the stock market. That is the biggest balony I have ever heard. The stock market is going down because the investors have finally opened their eyes to the truth, something Cramer seems to not understand. Truth and integrity are lacking for Jim Cramer.

If WaMU has done something wrong, then a swift and expedient justice should be served. This market is going down for many reasons and WaMu is a small part of the bigger problem that has plagued this economy for a long time.

Cramer, please stop losing money for people who don't know any better and who actually think that you are a stock market guru.