Friday, August 10, 2007

Blithering idiot

Jim Cramer's view? The Fed should cut rates now because some brokers are "losing their jobs" as their high-risk securities begin to collapse in value. Does anyone take this cretin seriously? Private equity shops buy out companies, lay off thousands, and collect billions and it's just the "market at work." But a few of these thieves might be out of work and it's a crisis.

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