You Got Screwed! Why Wall Street Tanked and How You Can Prosper

You've been screwed.You've been bludgeoned, skewered, crushed, mutilated by the stock market. Every day you read about another corporate scandal: loans to CEOs that didn't have to be repaid, accounting "irregularities," profits that never existed. You think the stock market must have been rigged. And you're right.You were betrayed by the stock promotion machine -- the mutual fund managers, the brokers, analysts, strategists, and stock gurus who brainwashed you into buying and holding and believing that stocks, like parents, always come through and bail you out in the end.So now what do you do? Where do you put your money? You can't just leave it in the bank or stuff it under the mattress.For fourteen years Jim Cramer ran a hedge fund that compounded money at a rate of 24 percent annually after fees, and then he got out at the end of 2000. He knows that there are ways to make money, smart ways that don't require you to own stocks blindly. There are other investments that won't send you to the poorhouse.This book will tell you what went wrong, who the bad guys were, and what you have to do to restore your financial health. You can't just close your eyes. Ignoring Wall Street isn't the answer. Cash alone isn't the answer. This book has the answers.

James J. Cramer is co-founder of TheStreet.com. After earning undergraduate and law degrees at Harvard University and working as a newspaper reporter, he joined Goldman Sachs, where he worked in the Private Client Services unit. In 1987, he founded Cramer Berkowitz, a private hedge fund that he ran until 2000. Jim Cramer is the markets commentator for CNBC and co-host of Kudlow and Cramer, also on CNBC. He is the host of the national daily radio program RealMoney, "Bottom Line" columnist for New York magazine, and markets commentator for TheStreet.com. He is also the author of the national bestseller Confessions of a Street Addict. Mr. Cramer and his family live in Summit, New Jersey.