Cramer responds...
"Random musings: A former employee of my hedge fund, Cramer Berkowitz, has written a book to seek revenge for my firing him in 1998 for his gross negligence in failing to carry out simple instructions. His book quotes me as saying outrageous things I never said (and would never say), meeting with people I never met and being the subject of investigations that never occurred. The book contains page after page after page of lies and innuendo. I am particularly outraged and saddened that in his effort to get back at me, the author has chosen to impugn the reputations of others in the investing and journalism community who did nothing wrong and have the highest integrity. When I decided to be a hedge fund manager and journalist at the same time, I realized that I had to disclose my positions when I spoke publicly and that I had to take precautions to insure that my firm's trading did not inappropriately benefit from my journalism. As even the author is forced to admit, each time allegations were made to the contrary, I was vindicated. At the end of 2000, I retired as a hedge fund manager, where my record of success speaks for itself. I continue as a television, radio, print and Internet journalist where my work is open and my viewers, listeners and readers can judge its quality, integrity and value. I don't intend to engage in a public debate with the author, which would only dignify his scurrilous fabrications and help him sell books."
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