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Cramer Tele-Hubris Update--and what's scandal-plagued CNBC going to do about it?

Written By mista sense on Wednesday, March 21, 2007 | 1:32 PM


Reuters follows up on the news from Jim Cramer--heck, the bragging from Jim Cramer--that he manipulated stock prices.

But don't take my word for it-- watch it yourself.

But here's the verdict of one expert queried by Reuters: "Hedge fund lawyer Ron Geffner of Sadis & Goldberg called the interview a 'somewhat surprising confession to make publicly, which definitely invites supicion by regulators. Whether he violated the law is unclear,' added Geffner. 'That is dependent on his trading records. But it's clear that he seems to be challenging regulators to come and examine him.'"

The Securities and Exchange Commission is not commenting, although presumably it is at least looking. Meanwhile, the question for Cable Gamers is what will CNBC do? Short answer: Nothing. The business cabler got away with Maria Bartiromo making whoopie with an advertiser, so maybe the net thinks it can get away with this, too.

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