Tweet
Can We Start a Scholarship Fund? Set aside 1 $ of each member's subscription fee, nominate candidates from the mainstream papers, and vote at the end of each month?
Fred can notify the winners that they've won a free 3 months here.
"Don't Blame Jim Cramer"
by Richard Cohen in the Washington Post
"What Jon Stewart needs is Jon Stewart. He could use a droll comedian to temper his ferocity and correct him when he's wrong, as he was about the financial media, particularly CNBC and its excitable analyst Jim Cramer. They didn't cover up the story of financial shenanigans. They didn't even know it existed.
"For proof, I can offer some names. Let's start with Maurice "Hank" Greenberg, who was instrumental in building what is now probably the world's most reviled corporation, AIG. He resigned as chairman and CEO in 2005, but still it is logical to assume that few people knew more about the company than Greenberg. He kept much of his net worth in AIG stock. He's now lost much of that worth.
"Or take Richard Fuld. He is the former chairman of Lehman Brothers, which, as we all know, is no more. He lost about $1 billion.
"Or take Citigroup's former chairman, Sanford Weill. He lost about $500 million.
"Or take all the good people at Bear Stearns, the company Cramer adored almost to the bitter end. They went down with their stock."
http://www.washingtonpost.com/wp-dyn...602319_pf.html
Fred can notify the winners that they've won a free 3 months here.
"Don't Blame Jim Cramer"
by Richard Cohen in the Washington Post
"What Jon Stewart needs is Jon Stewart. He could use a droll comedian to temper his ferocity and correct him when he's wrong, as he was about the financial media, particularly CNBC and its excitable analyst Jim Cramer. They didn't cover up the story of financial shenanigans. They didn't even know it existed.
"For proof, I can offer some names. Let's start with Maurice "Hank" Greenberg, who was instrumental in building what is now probably the world's most reviled corporation, AIG. He resigned as chairman and CEO in 2005, but still it is logical to assume that few people knew more about the company than Greenberg. He kept much of his net worth in AIG stock. He's now lost much of that worth.
"Or take Richard Fuld. He is the former chairman of Lehman Brothers, which, as we all know, is no more. He lost about $1 billion.
"Or take Citigroup's former chairman, Sanford Weill. He lost about $500 million.
"Or take all the good people at Bear Stearns, the company Cramer adored almost to the bitter end. They went down with their stock."
http://www.washingtonpost.com/wp-dyn...602319_pf.html