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 on TheStreet.com's "Wall Street Confidential" webcast, Jim Cramer noted that some hedge fund managers spread false rumors about companies to the media and trading desks with the aim of lowering stock prices: " ...it is important to create a new truth, to fabricate a fiction."