The biggest problem is the BLATANT LACK of INTEGRITY in the financial reports and operations of the FIs and the corporations.

No prudent and reasonable person is going to invest in a manipulted, corrupt corporations or markets/funds. It is still a FOOL's market. The markets are projected to decline another 10% - 20% or more. Why would anyone invest in a declining market?

It is to EVERYONE's interests to restore INTEGRITY to the markets. Yes, the revealations of the truths will cause declines in many of the corporations; however that is inevitable anyway . . . It's more of a matter of expeditiously getting to the "bottom of the markets", restoring faith and confidence in the INTEGRITY of the markets in order for recovery to begin.

This will of course be impacted by the massive progressive layoffs that have been set in motion and that will continue to occur. The markets and funds will NOT recover to anywhere near where they were previously. The BLATANT MASSIVE FRAUDS of the past will take a decade or two . . . maybe longer . . . to be overcome.

The greedy CEO SOBs in the corporations and in the markets have ruined their industries. It will be a long time (decades or longer) before the American people can be convinced to invest in the corporations and markets/funds. They deserve what they have wrought.

This should certainly establish the unequivocal necessity of prudent and reasonable REGULATION and oversight of the FIs, the corporations, and the markets/funds.

Congress WAS and IS the PRINCIPLE CULPRIT in all of this. The VAST MAJORITY of Congress sold out to the special interests, and allowed and enabled ALL of these BLATANT FRAUDS of the pyramid and Ponzi schemes, the "derivatives", and the other FRAUDS by the FIs and the corporations.

Congress must be purged of the INEPT, INCOMPETENT, and CORRUPT Congressmen.

A point to ponder: While I somewhat appreciate Cramer's blogs, by his own admissions, Cramer's wealth was garnered via the blatant exploitation and manipulation of the market by means that are now considered to be illegal.

Cramer can be considered to be a "poster boy" of all that was and is WRONG witht he markets. It's to his credit that he has turned his efforts to trying to help with these problems . . . but that doesn't change the fact that Cramer gained his wealth, in essence, by maniputlations and highly questionable exploitations of the markets.

Cramer is like a boot legger, who after becoming wealthy from his illicit business enterprises, goes on to desire to have "respectability" by exposing the means by which he and the other brokers are exploiting and defrauding the "average investors".


Cramer is a typical case of "it takes a crook to catch a crook . . ." I'm grateful for his blogs; but it doe not deminish the fact as to how he became wealthy.

Now, those who have more recently profitted rather obscenely from the frauds of the "derivatives, the pyramid and Ponzi schemes are still being allowed to keep their ill gotten gains. Nine out of ten of the CEOs of the failing corporations who committed and/or were involved in these massive frauds, are STILL running those FIs and the corporations.

The only solution is to purge Congress of the INEPTT, INCOMPETENT, and/or CORRUPT Congressmen, and to instill INTEGRITY via prudent and reasonable regulations and effective oversight. White collar crimes must have severe punishments and penalties to provide effective deterrents against such FRAUDS in the future.

Wealth on Wall St. has always been a bit dubious. It,s so reassuring that the train wreck is now beginning to "dawn on people one by one". The only thing more annoying than a doom and gloom smart ass is a "positive people" dimwit. We need to let the economy unravel so we can truly see, with transparency, where everything is at. I do not believe anyone who tries to tell me what is going to happen tomorrow. So stop it.

Wow.. I would like to have the full story of this on our web site, someone tell that guy to come over here a minute: http://www.artistworldentertainmentgroup.com , Thanks!!

Bharrison. Fantastic!! wow. i wish i could have said it better. I still say a great way to get rid of greedy sob CEOs as you say is to.... simple. Eliminate Stock options as a form of compensation. Maybe im totally off base here but this is the mechanism that has encouraged CEOs to book fantom revenues profits even if they are toxic in the future. As a trader everyone knows i can make a boatload on a company bleeding if its revenues are growing at a 30 40 50 percent clip. I think CEOs know this. Why not book a mortgage that sucks knowing full well in the future bonuses will have already been paid and the shareholder will hold the bag??

Hello All,
I wanted to bring it to your attention: The Sargels Toolbar is finally out. It meant to answer to your needs as investor (or as user of financial information) for a free organized free financial information tool.
Check it here: www.sargels.com or here: sargels.blogspot.com

Regards.