Follow this link to an interview with Jim Cramer.

In this 2006 interview that is now on YouTube, Jim Cramer descibes how he  manipulated markets when he managed a hedge fund.  He admits that he committed illegal acts that he got away with because the SEC didn’t understand what was going on.

In 2006, he probably felt safe making these admissions, given that the SEC was run by the Bush administration. He must not have known much about YouTube back then because he thought this interview would not be aired on TV.

I was quite wrong yesterday, when I said that Jim Cramer missed the boat on his Bear Stearns predictions.  Not only was he on the boat, he was steering it.

If Martha Stewart could be jailed for what the government claimed she lied about doing, do you think Cramer could be jailed for admitting what he has done?  Too late to hide behind the 5th ammendment now.