• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Cramer "Breaks" News About Goldman Being Long Abacus, No Disclosure On Goldman's Short Exposure In The Structured Product

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 04/16/2010 - 14:24 | 304409 John McCloy
John McCloy's picture

Damage control to resuce the dying Wall Street industry. They are a liability now.

Fri, 04/16/2010 - 14:24 | 304410 spekulatn
spekulatn's picture

Creamer has just come to the rescue of this former co-workers at Goldman,


Well done, Tyler. That be some funny shit. Kramer= Creamer ;)

Fri, 04/16/2010 - 14:44 | 304448 nonclaim
nonclaim's picture


Fri, 04/16/2010 - 14:26 | 304416 knukles
knukles's picture

Yeah.  The piece thay choose to hold, and got the patsy at the table to write a CDS against it, specifically. 
Jesus Christ!  They really think we're idiots!


Fri, 04/16/2010 - 14:30 | 304420 SDRII
SDRII's picture


but but the real story is about Paulson's coming gold dump - see its down down down today,..no mention of the WFC/Sh$ty etc.. holdings because presumably they are officially sanctioned

Fri, 04/16/2010 - 14:30 | 304419 fuggetaboutit
fuggetaboutit's picture

Here is the best part about today - who the hell cares what goldman did or didnt do? How about:

1. GE order book 21% from this time a quarter ago. How about GE order book down 10% FROM THIS TIME A YEAR AGO!? 10% lower than the worst quarter of global commerce ever? Really?

2. Consumer confidence having its biggest one month nose dive in about a year, with the "Intent to Purchase" category dropping to its lowest level of the year. But hey dont bet against the US consumer, who statisticians would have you believe is "in great shape" in a period of time when wages dropped for the first time in forever and confidence fell completely off a cliff.

3. Google whiffed. I thought not only was advertising coming back, but the secular shift to the net was unstoppable? Apparently one of those two is broken (or both).

But hey lets make sure we buy and sell assets today based on whether goldman lied (ofcourse they lied, they lie every day) and not on the fact that the economy is in much worse shape than it was a year ago when we normalize for the trillions of dollars thrown into the system that have done nothing except cause the stock prices of the worst bag of crap in the russell 2000 triple in a year.

Fri, 04/16/2010 - 14:30 | 304421 Pladizow
Pladizow's picture

How do you kill a vampire squid?

Fri, 04/16/2010 - 14:37 | 304433 King_of_simpletons
King_of_simpletons's picture


Fri, 04/16/2010 - 15:37 | 304540 Carl Spackler
Carl Spackler's picture

With an even bigger vampire squid!  (see Administration, Obama)

Fri, 04/16/2010 - 14:35 | 304431 Son of Shame
Son of Shame's picture

I would not be shocked if the market turns positive by the end of the session.

Fri, 04/16/2010 - 14:38 | 304437 Caviar Emptor
Caviar Emptor's picture

Way to go Tyler!

The AIG deal is very much back on the front burner. The ABACUS deal demonstrates that Goldman cheats its clients for money on the side, EVEN WHEN THOSE CLIENTS ARE BANKS! Abacus clients named in the SEC case include ABN Amro and IKB Bank!

I've said it before, AIG didn't slip, they were pushed. Goldman learned in 1998 that the Fed rushed in with taxpayer bailout money to make them whole after their little Russian Bond Fraud where they also WENT SHORT their own portfolio.

Sound familiar? This is not the 1st, 2nd or 3rd time Goldman has pulled this fraud. It's in their standard bag of tricks.

Fri, 04/16/2010 - 14:48 | 304456 john_connor
john_connor's picture

This is not the 1st, 2nd or 3rd time Goldman has pulled this fraud. It's in their standard bag of tricks


BTW, I say Cramer will be off the air within 12 months.

Fri, 04/16/2010 - 14:57 | 304475 Alienated Serf
Alienated Serf's picture

cramer = baghdad bob

Fri, 04/16/2010 - 15:39 | 304543 Carl Spackler
Carl Spackler's picture

Alienated Serf...you win the "Analogy of the Day' award

Fri, 04/16/2010 - 14:39 | 304438 svendthrift
svendthrift's picture

That was an awesome CNBC segment. The Chris Hitchens looking dude seemd to have an issue with JC. That bald banker douchebag.

Fri, 04/16/2010 - 14:59 | 304485 Alienated Serf
Alienated Serf's picture

hey!@ nothing wrong with being bald.  a lot wrong with being cramer.

Fri, 04/16/2010 - 15:30 | 304516 Problem Is
Problem Is's picture

Cramer Is Not Bald

Cramer has that three quarter cranial Bozo the Clown fringe hair shooting out the sides thing going on...

There IS nothing wrong with being bald....

There is something wrong with being bald, a clown and an ass-hat game show host with a cow bell on a financial network...

As Timmay Geithner's Aunt Lloyd Blank-dick-fein Has Shown

There is something wrong with being bald, a fraudster, PLUS a TBTF dick... AND a Gov't Bailout Welfare Ho...

Fri, 04/16/2010 - 14:39 | 304439 Comrade de Chaos
Comrade de Chaos's picture

A source notification sounds rather like a potential insider tip. 

SEC, do you hear me now, do you hear me now?



Fri, 04/16/2010 - 14:39 | 304441 Comrade de Chaos
Comrade de Chaos's picture

A source notification sounds rather like a potential insider tip. 

SEC, do you hear me now, do you hear me now?



Fri, 04/16/2010 - 14:39 | 304442 Eduardo
Eduardo's picture

Is justice such an unusual event these days that it is now a black swan event ?

Fri, 04/16/2010 - 15:42 | 304545 Problem Is
Problem Is's picture

"Is justice such an unusual event these days..."

There Is NO Justice... Yet

As Tyler pointed out earlier, some fumbling SEC hacks will be forced to temporarily put those pedophile and tranny pron sites on hold...

Let Us Peer Into One of Lloyd Blank-dick-fein's Crystal Balls:

SEC hacks will shuffle some papers on a matter they can't find out anything about, an ALEGDED Goldman fraud they don't understand and go before judge Rakoff recommending a low 7 figure settlement with no admission of wrong doing....

Fri, 04/16/2010 - 14:43 | 304445 glenlloyd
glenlloyd's picture


Fri, 04/16/2010 - 14:54 | 304469 10044
10044's picture


Fri, 04/16/2010 - 14:45 | 304449 Grandpa Bear Hug
Grandpa Bear Hug's picture

Vigilant Grandpa has one wish: To learn that Cramer was punked and he is handcuffed while on the air and no chance of bail. He remains one pathetic snake however he does collect a paycheck from an appropriate pathetic zookeeper.

I might actually get on my knees and pray since nothing else appears to be working. My voodoo doll is shredded.

Fri, 04/16/2010 - 14:45 | 304450 svendthrift
svendthrift's picture

CNBC is in full defend Vampire Squid mode. God damn snakes.

Fri, 04/16/2010 - 14:46 | 304451 Captain Obviousness
Captain Obviousness's picture

How about Cramer recommending the "worthless" insurers the other day?  Some of them must have gotten worthless in part by having written CDS's to Goldman.  Did he know this was coming and expect a huge pop in them when people realized they might be able to sue Goldman?

Fri, 04/16/2010 - 14:49 | 304458 John McCloy
John McCloy's picture

Cramers career is officially over. He proved himself what we knew all along..just another thief who provides nothing productive to this Country but aids in parting fools from their cash.

Fri, 04/16/2010 - 14:49 | 304459 Winterland
Winterland's picture

That was a smackdown Cramer just got! Hilarious!

Tyler is you can repost that CNBC segment, much appreciated.

Fri, 04/16/2010 - 14:55 | 304472 digalert
digalert's picture

Crammit has got his sleeves rolled up now, fight!

Fri, 04/16/2010 - 15:26 | 304517 rebeltraders
rebeltraders's picture

Did you guys notice how nervous Cramer got after that smackdown? His body language was scary, like someone who was scared his secret would be discovered.

Fri, 04/16/2010 - 14:53 | 304467 Cheeky Bastard
Cheeky Bastard's picture

The second shoe has officially dropped. Not only because of the situation with GS but also the following:

Tax receipts WAY down

BAC profit drops 25% Y-O-Y   

Industrial output is catastrophic

Real unemployment 20%+ 

Companies have no more room to maximize profits by firing people

Inflation is on the rise




Pretty much the gig is up and the only thing that could possibly save it is FED introduces negative rates, but there is more chance of Jennifer Aniston winning an Oscar than that.

Fri, 04/16/2010 - 15:25 | 304511 Alienated Serf
Alienated Serf's picture

any idea when the IRS releases total 2009 personal income tax reciepts?

Fri, 04/16/2010 - 16:35 | 304659 RichardENixon
RichardENixon's picture

Where's that HarryWagner dude to tell us all this stuff represents a "buying opportunity?" I need my afternoon chuckle.

Fri, 04/16/2010 - 15:04 | 304479 Zombie Investor
Zombie Investor's picture

There must be some legal precedent that would allow anyone that has a cable package that includes CNBC, to sue Goldman Sachs for having at one time employed Cramer.

Fri, 04/16/2010 - 15:14 | 304498 b_thunder
b_thunder's picture

I'd think that even a dumb***k like Cramer would realize that on the day when one of Goldman's directors decides not to stand for reelection due to him being implicated in Galleon insider trading case,  it's not wise to talk about the info one gets from an anonymous "source" inside of GS...

Gentlemen, is it possibel that we're witnessing "Bear Sterns is FINE!!!!!" 2.0?


Fri, 04/16/2010 - 15:26 | 304515 monmick
monmick's picture

Cramer is doing for his buddies what he, himself, got the media to do when he was managing his hedge fund (as he famously disclosed in that infamous interview). He's gone from being a puppeteer to a puppet. Nice...

Fri, 04/16/2010 - 16:36 | 304665 RichardENixon
RichardENixon's picture

I thought he revealed enough in that "infamous interview" to land him in the slammer, but I'm no lawyer, thank God.

Fri, 04/16/2010 - 15:44 | 304559 BlackBeard
BlackBeard's picture

Someday, when a class action lawsuit is filed against this clown.  I'm gonna jizz in my pants.

Fri, 04/16/2010 - 15:49 | 304566 ThePipedPipeoft...
ThePipedPipeoftheU.S.A a.k.a China's picture

I would like to make Cramer my PERSONAL HAND PUPPET!!!

Fri, 04/16/2010 - 15:52 | 304572 Brokenarrow
Brokenarrow's picture

Cramer has harmed more people than Hitler, Bin Laden, and Stalin combined. He is a manace to society of the scale of a herion importer. Think of all the retirements, educations, vacations, charatible donations, and personal security he has destroyed. Right now the naive and elderly are more vunerable than in the last fifty years. He prays on their desperation for his personal gain.


If I post what I really think? I'm afraid who may shoe up at my door.

Fri, 04/16/2010 - 16:20 | 304621 DavidC
DavidC's picture

It would be so poetic if the market turn has started because of a 'slight problem' with Goldman Sachs, notwithstanding CB's post (rightfully!) pointing out all the underlying problems that have had no effect on the pump ups over the last two months.


Fri, 04/16/2010 - 16:51 | 304694 Double down
Double down's picture

Cramer might become the Wallstreet fall guy!

Fri, 04/16/2010 - 17:09 | 304733 Temporalist
Temporalist's picture

I like the swearing here. I am never leaving.

Sat, 04/17/2010 - 15:07 | 305877 Number 156
Number 156's picture

What a stupid sock puppet. I hope he gets the subpoena he deserves for running his mouth off, because he certainly knows more than he's leading us to believe.

Cramer is the Baghdad Bob of Goldman Sachs.

Do NOT follow this link or you will be banned from the site!