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CNBC Guest Tells Truth, Calls Cramer Shallow, Is Yanked Off Air
zero hedge ^ | 04/16/2010 | Tyler Durden

Posted on 04/16/2010 8:25:27 PM PDT by george76

Any time Erin Burnett tells a guest "You will not be back, you have to be more polite than that" you know the "guest" is telling the truth, the one commodity rarely if ever discussed on General Electric's circus station.

Enter (or rather, exit) R&R Consulting's Sylvain Raynes, a structured finance expert, who at 3:10 into the clip takes on what he calls the "public relations officers" for Goldman, and asks "is it all right if I am a little critical?" Apparently the answer is no. First, Sylvain completely destroys Cramer's false "breaking news" about Goldman being long Abacus...

And the kicker "We don't have time to go into details, I want to remain shallow in deference to Mr. Cramer." At which point all hell breaks loose and the Goldman alumni just blow their collective lids. Best CNBC comedy since the Pisani-Liesman/Jeff Macke chronicles.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Conspiracy; TV/Movies
KEYWORDS: abacus; abacus2007ac1; burnett; cnbc; cramer; erinburnett; ge; generalelectric; goldman; goldmansachs; jimcramer; nbc; paulson; raynes; rrconsulting; sylvainraynes

1 posted on 04/16/2010 8:25:28 PM PDT by george76
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To: george76

Not only do I want them investigated, I want Schumer and Dodd investigated.


2 posted on 04/16/2010 8:49:12 PM PDT by sageb1 (This is the Final Crusade, There are only two sides. Pick one.)
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To: george76

Geez - the same people who can snipe gratuitously at Sarah Palin or Ben Bernacke sure get their noses out of joint quick when they get a little incoming themselves........


3 posted on 04/16/2010 8:50:51 PM PDT by Intolerant in NJ
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To: george76

“Erin Burnett tells a guest “You will not be back, you have to be more polite than that”

The same polite Erin Burnett who once referred to GWB as “the monkey in the middle.”


4 posted on 04/16/2010 8:57:42 PM PDT by sijay
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To: george76

Watch the vid. Sylvain Raynes looks likes he’s at the threshold of a NyQuil nap. “These are very complex instruments ... zzzzzzzzzzz.” Although he was somewhat animate when he corrected Cramer’s mispronunciation of “abacus.” LOL


5 posted on 04/16/2010 9:02:07 PM PDT by Warlord
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To: george76

Shallow? He was also an effing manipulator when he ran his hedge fund and the SEC never did jack about it. He would whisper stories to Maria. He is a con artist.


6 posted on 04/16/2010 9:17:29 PM PDT by Frantzie (McCain=Obama's friend. McCain called AMERICANS against amnesty - "racists")
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To: george76

I don’t know what these guys get out of being on these shows anyway. What’s in it for them?


7 posted on 04/16/2010 9:23:30 PM PDT by DManA
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To: george76

A most excellent post! The comments were hysterical!

parsy, whose sides hurt from laughing


8 posted on 04/16/2010 9:44:03 PM PDT by parsifal (Woe to those who foster stupidity for their own sake, for they shall be drawn and quartered - WEIG)
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To: george76

For later reading...


9 posted on 04/16/2010 9:50:23 PM PDT by SuziQ
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To: sageb1

Bingo! Schumer and Dodd let Rome burn while they fiddled with the derivatives market for their own financial gain. History repeats itself.


10 posted on 04/16/2010 10:01:34 PM PDT by jonrick46 (We're being water boarded with the sewage of Fabian Socialism.)
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To: george76

More people will read this thread than watch CNBC.


11 posted on 04/16/2010 10:02:16 PM PDT by TigersEye (Duncan Hunter, Jim DeMint, Michelle Bachman, ...)
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To: Frantzie; Grampa Dave; M. Espinola

The SEC alleged that John A. Paulson, founder and chairman of the hedge fund Paulson & Co. participated in a scheme in which Goldman sold subprime residential mortgage-backed securities to investors, such as foreign banks and pension funds, that were expected to lose value.

Paulson & Co. bet heavily against the value of the fund, named Abacus 2007-AC1, which included mortgage bonds it viewed as overvalued, earning millions at the expense of Goldman clients who invested in it.


12 posted on 04/17/2010 5:39:03 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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