Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

MAD MONEY FEATURES

Podcasts PODCASTS
Watch the Lightning Round whenever and wherever you want.




Full ShowFull ShowFULL SHOWS
Missed an episode of Mad Money?  Watch the lastest show here.




Widget OFFICIAL MAD MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




Soundboard CRAMER'S SOUNDBOARD
Admit it: You’ve always wanted to hit the “They know nothing!” button. Here’s your chance.




Mad Money PhotosCRAMER QUICK PICS
Check out the Mad Money host on set, back to school, behind the scenes and more.




Mad Money VideosVIDEOS
Get all your favorite Cramer clips right here.





ShopSHOP FOR MAD MERCHANDISE
Buy Cramer books, bobbleheads and other Mad Money merchandise.




Ringtones RING TONES
Pick up the phone! It’s Cramer! New Mad Money sounds for your cell phone.




Mobile AlertTEXT MESSAGE ALERT
Mad Money’s mobile. Get show highlights sent to your phone.




Text Size
Dec.12
7:47 PM ET
Friday, 12 Dec 2008
Mad Mail: Pick Your Price Home-Buying?

Jim: The entire ETF/market manipulation piece was fantastic. Do not let up on this. Keep pounding the tables because it must be dealt with. I am so glad you are as upset as I am about it. Public trust has been violated and the market is being completely destroyed by manipulation. This must be blown wide open. FINRA, the exchanges, the SEC - they are all guilty of oversight! --Laura

Cramer says: “No one wants to investigate this because they generate a huge amount of commissions and because this has been the only product that has been introduced where there’s new underwriting fees. So there isn’t anyone in the system to check this. I hope that a new SEC chairman will not be so in bed with the underwriters and with the commission traders and take a hard look at what you and I know is not right.”

          ___

Dear Jim: If your scenario is true, could any legal action be brought against the offenders? Have you notified any government agency? Please help the little guy! --Fred

Cramer says: “All I have is my show. I am not a respected individual when it comes to these kinds of things…I’m easily dismissed…I don’t think the SEC chairman is going to say, ‘Wow, I watched Cramer last night. Let’s crank up an investigation’…”

          ___

Hey Cramer: Booyah! I know that you've called the housing bottom for the end of June. I read a great article on your sister website, MSNBC, about the next wave of foreclosures - pay option mortgages. Please tell me that we are not going to see another wave of trouble in 2010? Everyone seems to be focused on what is going on right now and not looking toward the future and what is going to happen next (ironically the same circumstances that got us here in the first place). If this is coming, can you give me another "they know nothing" tirade? --Dan in Cleveland

Cramer says: “…It’s true – foreclosures could go up…[but] mortgage rates are coming down so fast and there’s such a glut of properties that come the spring people are going to go buy them because they will actually be able to pick their price. I think it’s a once-in-a-lifetime opportunity. And I think it will end by the summer” when people realize they need to act before they miss that opportunity.

          ___

Hey Jim: Sorry I can't call into the show as I'm sitting in Switzerland, but I am hoping you could give your thoughts on Rex Energy [REXX  Loading...      ()   ]. I know it was one of your Wildcatters...are you still feeling strong about this company? --Thomas

Cramer says: “Natural gas went to $5. The wildcatters are all very stretched. It was a bet on natural gas staying higher. And natural gas being used in cars – it’s not. So now you have to wait a whole other cycle before Rex comes back. I am sorry. When that group was hot, it was the hottest. Now that the group is cold, it’s the coldest.”








Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 01:44:15 26 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:03:48 26 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:03:48 26 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:03:48 26 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters