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To: Neal davidson who wrote (76444)	3/16/1999 2:10:00 PM
From: Gerald Walls	Respond to of 186894

I don't want to get into an argument with you, nor do I want to give the impression that I am being overly logical or semantic. However, your argument is flawed. Let's assume you are right, and Cramer does not have control over all articles. That does not mean that he had no control over this particular article. Here's the relevant link. The excerpt below is from this link. If they're lying here then it's fraud and you should file a complaint with the SEC. Otherwise, drop it. Getting a Handle on the Writings of James J. Cramer By Dave Kansas Editor-in-Chief 10/27/98 11:19 AM ET thestreet.com Cramer's shop. This is a funny thing, because a lot of people like to play Mulder to Cramer, imagining that Cramer works in the shadows at TSC. In fact, several times I have hosted media folks -- wise editors and producers -- who have asked to see Cramer's office here at TSC. It's not here. Cramer's office is at Cramer, Berkowitz at 100 Wall Street, a good walk across town from TSC. Cramer sometimes comes to TSC for board meetings (he's a director), but often participates by phone at these meetings. As for other involvement: Cramer writes. Often. And Cramer offers me frequent critiques of how good (or bad) our writing and reporting is. Cramer has no say in editorial. He does not talk to us about individual stocks. (Emphasis mine -- grw)

To: Neal davidson who wrote (76444)	3/18/1999 1:28:00 AM
From: Gerald Walls	Read Replies (1) \| Respond to of 186894

Let's assume you are right, and Cramer does not have control over all articles. That does not mean that he had no control over this particular article. Another apropos link and excerpt: thestreet.com "It has recently been suggested that perhaps I had something to do with this piece this morning, as I was tough on Ralph in February. Let me tell you what a joke this is. Not only do I not talk to reporters at TheStreet.com about story ideas, but they won't take my calls and I can't even email them, or them me. "Alice in Wonderland? No, prescient. We knew one day people would read us and we put in rules from day one to make Cramer Berkowitz (my hedge fund) and TheStreet.com ludicrously separate. No matter how many times I emphasize the strength of the Chinese Wall between us there is always someone who thinks it is being violated. "My view: When I worked at Goldman Sachs there were M&A guys who knew things every day that they could not tell me. Same firm. The penalty would be severe if they did. The penalties for me would be the same. I don't communicate with the staff of TheStreet.com. Period. Never will. "When things get sticky, as they seem to be now for me, it is amazing that I seem to get cited for everything TheStreet.com does, right or wrong. Hah! If only people knew how little input I really have. ..."