Jim Cramer: Herald of the Apocalypse
Created on: August 19th, 2007
If you knew where the guy with the sign and the text comes from you get +10 bonus points.
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I am disgusted with myself that I ever wanted to work on Wall Street ... they crow and crow about being masters of the universe and taking on all this risk and when it bites them in the *ss they turn around and ask for a handout from the Fed at the expense of the value of the US dollar. F*ck Jim Cramer, f*ck the Fed, f*ck the Wall Street banks.
I too wanted to work on Wall Street because of my investing savvy. But then I realized I would have to slave under some ego freak nerd from Harvard or MIT, and being told that I am not sh*t like them because they got perfect scores on their SATS. These people, for the most part, are pathetic, shallow and weak.
This Subprime mortgage fiasco is well deserved. Backing huge investments with faulty credit history SOUNDS LIKE A WIN WIN SITUATION TO ME (insert price is right music).
Cramer doesn't seem to understand than economies recede from time to time. It happens; it's a fact of life. If you invest your money in a risky manner, you should expect for it to come back and bite you. Anyone who thinks they can beat the market over the long term is seriously misguided (unless your name happens to be Warren Buffet, in which case you'll pay for it after the Devil calls to collect your soul).
If he has friends that lost their jobs, it's because they knowingly swindled their investors into buying securities that were too hot to handle. And now that no one wants to lend anyone any money at any interest rate (which so reflected the flip-flop attitude of today's investors), they're getting burned. Maybe this will force investors to think about the risks they take before they make a loan. It amazes me that people think they're somehow special and can float finance's common sense with impugnity.
Its amazing that Cramer is still alive after all the bullsh*t that has happened on Wall Street since Bush got his grubby f*cking mitts on the US.. DOW is up 300 points one day down 400 the next... China basically owns us and the dollar is close to being a pesos ...
F*ck I am glad I don't work on Wall St. Blow my head off...
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