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Real Name: Tara Bozick Member Since: September 30, 2007 Last Signed In: December 03, 2008 Profile Views: 1392 Blog Views: 2069 Will your kids or grandkids afford the costs of college? More than a beauty pageant? What's up with the atheist billboards? Online cheating causes divorce Why are people so rude? Can we trust bank CEOs? Some people may not have a conscience ... Southern reading great for summertime Problems with single-sex public education Rethinking the way we live September 07 October 07 November 07 December 07 January 08 February 08 March 08 April 08 May 08 June 08 July 08 August 08 September 08 October 08 November 08 December 08 http://www.texasbookfestiva... http://www.utexas.edu/utpre... http://www.tamu.edu/upress/ http://web3.unt.edu/untpres... http://texana.texascooking.... http://labloga.blogspot.com... http://papercuts.blogs.nyti... http://sweetpotatoqueens.co... http://www.jasperfforde.com... 
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Can we trust bank CEOs?
I watched the episode of Mad Money when host Jim Cramer apologized for letting down his viewers by supporting Wachovia's Bob Steel.
He looked quite distraught when telling viewers to buy up the company stock two weeks earlier. Then Wachovia looked like it would be taken over by Citigroup in a deal that would have wiped out shareholders. This was the same day the U.S. House originally failed to pass the $700 billion bailout. Cramer slapped Steel on the Wall of Shame, but then the show learned of a Wachovia deal with Wells Fargo, which benefited shareholders. So, Cramer apologized again and removed Steel from the Wall of Shame. But that raises the question, how much can we really trust what bank CEOs say? 3 comments from 2 users
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posted by
bighorn
on Oct 6, 2008 at 09:07 AM
See exhibit A below. Case closed.
posted by
BIGJ
on Oct 5, 2008 at 02:43 PM
I like Jim Cramer's show. LOL posted by
bighorn
on Oct 5, 2008 at 04:12 AM
You can trust CEO's to look after their own self interest. Just as it has always been. And you can trust TV personalities to attempt to entertain. Jim Cramer is an entertainer, not a jorunalist or financial guru. If you follow him, you are bound to run with the herd and be handled as cattle.
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