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Originally Posted by Matt 26z
Wall Street is public enemy number 1 in tough times. You can even go back to depression era gangsters, whom the public was actually quite fond of because they were targeting banks. Cramer vs. Stewart is just a modern day version of that.
It's funny because nobody had a problem with the system when the little investor was making a lot of money for more than 10 years straight. Nobody has a problem with the 401k's that were cashed out up until 2008 at huge profits. A lot of money was made by people on all levels.
Yeah, the fall hurt. But to blame some TV news station for not warning people it was coming is just ridiculous.
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Did you watch the clips? "You can't create yourself an impression that the stock is down. But you do it anyways because the SEC doesn't understand it."
Do you want people on your financial news network saying things like that? Cramer could have exposed this but they didn't.