In a December 2006 interview from TheStreet.com's "Wall Street Confidential" webcast, Jim Cramer stated that some hedge fund managers spread false rumors about companies to the media and trading desks to drive a stock down: " ...it's important to create a new truth, to develop a fiction."
In a December 2006 interview from TheStreet.com's "Wall Street Confidential" webcast, Jim Cramer indicated that some hedge fund managers disseminate false rumors about companies to the media and trading desks in order to lower a stock: " ...it is crucial to create a new truth, to construct a fiction."