Jim Cramer:The game is RIGGED!
August 26, 2008
– Comments (6) |
RELATED TICKERS: FNMA
, FMCC
I am score leader on FNM. But I did not put any money in this stock, it is a "rigged" game, IMO. The accounting, the business concept, the lie that they "make housing affordable", the corrupt politicians and bankers supporting these GSE, etc.... How many times has the governement intervened to prop up this company? Paulson has showed up multiple times to juice this stock price.
Jim Cramer:The game is RIGGED!
I saw this CNBC, but I could not believe it. Did Cramer just say that? I was going to post on it. A day later I thought I must have dreamed it up. Cramer could not / would not have said that? It was just a dream...but then I found the video on Calculated Risk Blog!
I have posted on JC several times on CAPS:
Jim Cramer: The Flip-Flop that Ought to be Illegal July 02, 2008 Jim Cramer is Bearish. Murdoch Says He's `Very Bearish' on Economy. Ron Paul on Iran Policy 7/9/08
July 10, 2008
on July 10, 08 I wrote:
"I consider Jim Cramer's opinion slightly less valuable then a dart throwing monkey. (A monkey is by the law of averages 50/50? TrackJimCramer is 48%). I am not sure to make of a professionial stock shill, who turns Bearish? It is like a clown, who trys to make kids cry."
etc....
I have no idea what the governments plan is, but someone knows and is betting large sums of money accordingly.
But as Jim Rogers says, "Fannie Mae is insolvent", so I can spare a Red thumb for a company JR says is "insolvent" and "rigged" stock on moral grounds.
One of Americas best comedian George Carlin here talking about the Rigged Game:
RIP Mr. Carlin
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