Mad Money: A Moratorium on New Financial Products? - CNBC

(c) 2010 F. Bruce Abel

This is the best of all Cramer. Last night. Click on and listen. The written summary sanitizes his slap at the laissez faire Bush Administration as being the cause of the SEC's woeful performance in allowing this crap. (He appeared to me to be a fellow-supporter of deregulation and the Bush Administration, but I could be wrong.)

Needless to say he's spot-on.


Mad Money: A Moratorium on New Financial Products? - CNBC: "A Moratorium on New Financial Products?
Published: Thursday, 3 Jun 2010 9:25 PM ET Text Size By: Tom Brennan
Web Editor, Mad Money

Wall Street right now looks a lot like World War I.
Just as the “high-tech” weaponry of that era vastly outpaced people’s ability to handle it, Cramer said Thursday, we are virtually powerless against the damage caused by today’s financial products."