Jim Cramer: ‘Financials earnings are fiction! Where’s the SEC, Department of Justice?!!!’
Posted by AJ on January 20, 2008
As only he can, Cramer passionately describes how and why the subprime mess happened:
As someone who has worked in the structured finance industry, I must say that he is not too far off on some of the things he says about the bond insurers and rating agencies.
