Jim Cramer under fire

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Of late, hedge fundie-turned-pundit and TV personality Jim Cramer has been called the "Jerry Springer of finance." I'm not sure if he would dispute that. Cramer of course has made enemies of AIG employees, whom new AIG CEO defended in a letter that ended up on a Wall Street Journal deal blog. Here's an excerpt.            

Dear Mr. Cramer,  I was deeply disappointed last Thursday when you urged your viewers to harass AIG employees, saying:

"We should hound them in the supermarket, we should hound them in the ball park, we should hound them everywhere they are. We should make fun of them and we should point fingers at them and we should tell them that you have no shame.  

"Those comments are outrageous. I demand they be retracted and that you apologize to AIG's employees. It is one thing to criticize the executive leadership of AIG - that's fair commentary. But it is way out of bounds to incite people to confront and harass other AIG employees ..."

 

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