He seemingly has no problem with stock manipulation.
The pump can be primed with newspaper articles, coordinated lawsuits, rumors, dumping algorithms, etc. and thus manipulated by the Money-is God boys.
But personally we wouldn't campaign for making options illegal, any more than outlawing poker games; but rather advocate personal investment, beyond the sinister greed that has consumed the US incest, aimed at well positioned institutions that can benefit the wider developing world with a little profit thrown in.
We also agree with the post above that it seems the Bush folks were completely in over their head (and still are). OR, they are the devil themselves. It's called The Left.
He's done his [lion's] share of it, particularly trading on the inside information, in his past at Goldman Sachs, along with one Robert Rubin. I would not follow his stock recommendations, whether they turn out right or wrong. But that's exactly why he does possess a tremendous knowledge of the industry and knows how and when the manipulation occurs, which is why his insight into this is valuable, though not at all susrprising to anyone who watched short selling attacks and accompanies "market rumors" start with BSC in February and progressing to widen with culmination in mid September, before liquidity injection plan designed to prevent "run on the banks" (TARP) was announced.
That's why I had a link to "Anatomy of Morgan Stanly Panic" and a caveat about Cramer himself in first post. He provides the facts, and I do not have a problem with either his facts or his conclusions on what they meant - attacks on financial system, not just few "bad" mismanaged banks. Similar attacks happened in September, just before election campaigns were entering their final phase.