In February, 2006, Herb Greenberg joined Jim Cramer in spinning their SEC subpoenas, and Jim discards his casually. What they do not mention is that upon receiving his subpoena, Jim Cramer had immediately begun selling large amounts of TheStreet.com, without informing the public of his subpoena (according to his own lawyer, Jim Cramer had never previously sold TheStreet.com stock).
Did Herb ever file that libel suit?
Jim Cramer needs to be in a world of trouble now. He needs to be subpoenaed to find out what he knew about Bear Stearns.
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