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Cramer to Bernake: “Wake Up!”

Posted on Saturday, August 4th, 2007 | In Current Market News
Contributed by: Prieur du Plessis (http://www.investmentpostcards.com) -

Mad Money host Jim Cramer made a passionate, and quite amazing, plea to Federal Reserve Chairman Ben Bernanke on CNBC yesterday. He urged Bernanke to cut interest rates and, in turn, help the market and the people who were losing their jobs on Wall Street.

This is video footage of Cramer at his alarming best: entertaining and controversial, with all the potential of causing furious debate. After all, Jim, is it the Fed’s role to come to the rescue of investment banks at the first sign of trouble after years of record-breaking profits?

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About Prieur du Plessis (http://www.investmentpostcards.com)
Prieur du Plessis has 25 years’ experience in professional investment research and portfolio management. More than 1,000 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns. He has also published a book, Financial Basics: Investment.
Prieur is chief executive and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and other African countries.
Plexus is the South African partner of John Mauldin, author of the Thoughts from the Frontline e-letter, and also has an exclusive licensing agreement with California-based Research Affiliates for managing and distributing its enhanced Fundamental IndexTM methodology in the Pan-African area.
Prieur is 52 years old and lives with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His recreational activities include long-distance running, motor cycling, traveling and reading.

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