Mad Money Supports Tyranny

On his CNBC show Mad Money, Jim Cramer claims "You are never responsible for the actions of the companies you buy." Uh, wrong, Jim. (See TOTM Part II.) His claim is so exactly opposite from reality, that we wonder why nobody else calls him on this.

The answer is simple: everybody, Cramer included, wishes is were true. But it's not.

The fact is that shareholders, AND ONLY SHAREHOLDERS, are responsible for the actions of the companies that they own.

While it's true that us regular people own so little of any given company that we couldn't even voice our concerns at the annual meeting. Or at least I own so little...

But Jim Cramer -- and this is his real crime -- he owns enough to make some noise, to have some say. The famous "Hedge Fund" that Cramer ran, his "Charitable Trust" are the very institutional investors that can influence corporate behavior.

So shame on you, Jim. You seem like a decent guy. Why don't you have some sack and tell us all what you think about Haliburton. At least tell your viewers the truth.

Don't you have enough money already?