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To: James J. Cramer who wrote (18954)	10/24/1997 3:04:00 PM
From: jhild	Respond to of 61433

But what about us little guys with no fiduciary responsibilities. We seem to be able to offer outrageous opinions, completely unsubstantiated, offered in support of benefiting our value, and nothing ever happens. So guys like you who stick an oar into the analysis/entertainment waters then get boxed with lots of regulations? Or is it more to do with your potential conflict of offering on-line analysis on TheStreet.com, while managing your business funds, where your comments might proifit you? I have heard through comments on the air that Joe, Mark, Maria, etc. on CNBC are restricted from investing at all. Or is this allowed only through a blind trust arrangement, like public officials? I notice that Barton Biggs often appears to be touting foreign diversification, while being CEO of TTF - Thai fund. So are those rules for everyone or does working for Morgan Stanley profer some sort of immunity? PS: You don't have to answer.

To: James J. Cramer who wrote (18954)	10/24/1997 3:39:00 PM
From: Bearded One	Read Replies (2) \| Respond to of 61433

As I said, I defer to your legal knowledge of your requirements. In my particular case, I was more concerned with preventing my associate from getting into a pissing match with college kids. Consider-- you're probably now a target. How many people would like to brag to their friends that "I personally told James Cramer to shove it and that he was an X, Y, and Z. Boy, you could tell how much I pissed him off when he showed up on CNBC later that day." If you're willing to slog through all the chazeri that you're going to get, fine. But, having been on the net 16 years, I guarantee you're going to pay a personal price that's higher than the price most people have to pay. So if the SEC is okay with it, I'd recommend hiring an assistant to handle this stuff for you.