Apr 16, 2010

Jim Cramer on the non-criminality of investor fraud

If they were criminalizing this it would've been the Justice Department. This is not criminal. Let's make that point. It's really important for people to understand the distinction between the SEC, and the Justice Department. The SEC does not put people in jail. They can't do that. They're procedural.

~ Jim Cramer, stock-pumper and GS-apologist extraordinaire, CNBC Street Signs, April 16, 2010

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