Jim Cramer tells it like it is.

[Sapiens]

http://www.cnbc.com/id/15840232?video=624755222

Amazing video of Jim Cramer telling the truth about structured product. If you are not rolling on the floor laughing about his joke about all this being a "novel" and a "work of fiction," then I can guarantee you will lose your money, and if you are an employee with a 401k, you will be picked clean.

Damn, I never thought I would see someone tell the truth on the air. It's a good thing people think of Cramer as a shill since if he had any credibility, they would erase him.

[Verrocchio]

Re: Jim Cramer tells it like it is.

Thanks for posting this one, Sapiens! I generally avoid Cramer, but this one is worth watching. Some of his more dramatic statements:

[All the earnings] it's all fiction!
...the truth is too painful.
I have never seen the level of fiction regarding financials...
How can we have these levels of fiction after Sarbanes-Oxley?
I never thought there was a level of fiction to the financials [until lately], honestly.
The commission [on a structured product is so huge], let's jam it! It's about how much money you can make by jammin' stupid customers.
The Florida Fund, they're so stupid, let's give'em triple-B!

[FRED]

Re: Jim Cramer tells it like it is.

http://www.cnbc.com/id/15840232?video=624755222

Amazing video of Jim Cramer telling the truth about structured product. If you are not rolling on the floor laughing about his joke about all this being a "novel" and a "work of fiction," then I can guarantee you will lose your money, and if you are an employee with a 401k, you will be picked clean.

Damn, I never thought I would see someone tell the truth on the air. It's a good thing people think of Cramer as a shill since if he had any credibility, they would erase him.

The reason you can't watch the above iTulip video of Cramer is that after the video received 59,000 views and 160 five star ratings, we received a letter from the TheStreet.com's general counsel telling us to remove this video or they'd sue us. The video reveals Cramer saying the opposite of what he is saying in the video you post.

Before you get too misty eyed over the video you posted, understand that this is all theater designed to get you to forget everything happened before and to think about the guys who created the problem as on your team working hard to solve the problem. They already have your money. Now what they need is for you to look elsewhere for the cause of the crisis. Looks like it's working.

This is exactly what Cramer did after the dot com crash. See Cramer's previous quick change act.