If ever there was a time to step up, it's now, says Cramer
The Mad Money host is outraged that few if any officials stepped up on Thursday into a position of leadership as the Nasdaq halted trading for over 3 hours. The "Flash Freeze" as some are calling it became the latest in a string of technology problems for the financial markets.
"Come on, guys, get it together," demanded Jim Cramer.
It's not that the Mad Money is looking for immediate accountability, that will come later. But he would have liked to have seen at least some sense of responsibility before 5:45pm when CNBC received its first official statement from the Nasdaq.
"Chief Executive Officer, Bob Greifeld or one of the other Nasdaq officers could have gone on TV and said 'look we don't really know what happened. We are working hard to figure it out. We apologize and will do our best to get to the bottom of this.'"
That didn't happen.
"And where was the government," Cramer asked. Why didn't the Securities & Exchange Commission, the regulator for trading, come out today and say "we are looking into this and we think that there are real issues that have to be investigated here?'"
That didn't happen either.