Cramer on the recent supposed ban on naked shorting and deliberate governmental negligence in enforcing existing rules.
Naked shorting has been illegal since 2005, but the government didn’t enforce the rules for the big players. Small investors still had to play by the rules though.
Through the SEC ignoring and repealing these rules, hedge funds have been able to create an environment of panic and to slaughter certain stocks. “The government doesn’t care,” Cramer declared.
This isn’t even socialism for the wealthy, this is deliberate collusion by the government to enrich a tiny few at the expense of everyone else.