Jim Cramer has decided that people upset at Wall Street bonuses are in fact revolutionary Marxist-Leninists, intent on “stringing up guys like John Mack and feeling great about it”. A brief edited transcript, if you can’t bear to watch the whole thing:
Melissa Francis: Jim, let me ask you very quickly: what did you think about John Mack’s answer to the big question of the day, which is the divergence between Main Street and Wall Street. We see Dow 10,000, and bonuses are back; at the same time Main Street is in a shambles.
Jim Cramer: When I took a Master’s reading communism we learned these things. I took seven courses in communism. Lenin when he came in in 1917 thought that the bankers were making too much money, and confiscated all the wealth. The peasantry felt terrific about it. The bankers, many of them, were killed. And there was a terrific surge of opinion that Lenin was a great man. It didn’t work out.
It’s very easy for me. I know that, I can do that rap, I studied it. I know most of Lenin’s speeches during the period. And it’s really about stringing up guys like John Mack and feeling great about it. I’m not being facetious. I studied Lenin, and I was very caught up in this notion that the peasantry should win.
Melissa Francis: Speaking of the peasantry, let’s give ‘em some trades.
Yeah, let’s.
(HT: David Gaffen)
It’s not the greed.
It’s the corruption of their regulators, the gaming of the system, the production of toxic financial products to fool and plunder, the utter lack of business ethics.
And when the deeds are done and the economy crashes, they get the taxpayer bailouts.
That’s not greed. That’s corporate fascists pretending as capitalists, destroy as imperialist and got away being socialists.
Even the Russian mafia admire them.