Move over Eliot Spitzer.
At the CNBC Institutional Investor Delivering Alpha conference yesterday afternoon, the network’s Jim Cramer dubbed Southern District U.S. Attorney Preet Bharara the “New Sheriff of Wall Street,” because of Bharara’s financial crimes prosecutions.
Cramer starts off his interview calling Bharara “arguably the most successful prosecutor in the history of insider trading.”
Bharara, whose record on insider trading cases is 65 wins with 6 cases pending, has also been bandied about as a potential candidate for higher office, a possibility Bharara has shot down.
Bharara is also very good at making jokes.
I’m putting the transcript below:
JIM CRAMER: Given your history with the securities industry, including arguably the most successful prosecutor in the history of insider trading — 65 and 6 is your record. I don’t know of anyone who has had that kind of record — what percentage of the people in this room, besides you and I, are wearing a wire?
PREET BHARARA: That’s your first question?
JIM CRAMER: Yes.
PREET BHARARA: Okay. Could I just to take a second to say it’s great to be here — to say that it’s really interesting, because I’ve never been interviewed by somebody – you are probably the only person in the country who is more caffeinated than I am. Let me also say that I know that you told me there were going to be a lot of people here from the hedge fund industry and other folks. I didn’t quite appreciate how many people, so I just want to apologize in advance that I don’t have enough subpoenas for all of you.
To read the full article at City & State click here.
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