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Herb Greenberg talks about the Cramer controversy

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In a film clip taped for Marketwach, Herb Greenberg, known for his scathing pieces on companies in trouble, added his voice to the world of reactions to Jim Cramer's interview on TheStreet.com in which he talked about manipulating stocks.

In his interview, Cramer described feeding negative information to the media about companies in which he had taken short positions. As a journalist who frequently speaks with short sellers, Herb Greenberg dismissed the scandal surrounding this, saying that it was no less legitimate than a bull talking about a stock to the media.

I have a tremendous amount of respect for Herb Greenberg. His intelligent analysis penetrates far deeper than just about any other market commentator, and he seems to be right more often than he's wrong. Investors who listened to his warnings on Novastar could have saved a lot of money, or gotten rich on the short-side.

Watch Greenberg's piece on Marketwatch (by clicking the read link below), and, if you don't already, start reading the blog one of Wall Street's best journalists.

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Last updated: November 26, 2009: 09:13 AM

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