Jim Cramer

TheStreet.com—a financial news site started by Jim Cramer in 1996—laid off roughly half a dozen employees yesterday afternoon, Media Mob has learned.

Earlier this afternoon Editor-in-Chief David Morrow confirmed that there had been layoffs but declined to say exactly how many; and, according to Mr. Morrow, the cuts were not indicative of financial problems at The Street.

(According to recent financial filings, during the nine months ending in Sept. 2007, The Street racked up $45.5 million in revenue, an increase of 25 percent over the same time period in 2006.)  read more »

Jim Cramer has signed a multi-year deal to remain with CNBC, it was announced last night. Release after the jump...  read more »

Here's Eliot Spitzer and Andrew Cuomo at a press conference earlier today about subprime mortgages. In this clip, they evince amusement at professional Loud Guy Jim Cramer's harsh remarks about them.

Eliot Spitzer and Andrew Cuomo walked into the conference room in the governor’s midtown office together, along with a few elected officials, to discuss the state’s strategy for dealing with the sub-prime mortgage crisis.

Spitzer said one in five sub-prime mortgage loans in New York State ended in foreclosure, making it a widespread crisis.

Spitzer announced he would push for new state legislation, invest $100 million in a refinancing program for eligible borrowers, invest $2 million in financial education for lenders, and lobby lending institutions to improve their practices.

Spitzer side-stepped criticism from his one-time friend, CNBC financial commenter Jim Cramer, who denounced such actions because they would make it harder for people to get a loan.

A New York Times reporter brought up the fact that Cramer also referred to Cuomo as “a Communist.”

“He said it in a nice way,” Cuomo said.

Citing Cramer again, the reporter said: “He also said he was getting tired of the New York State Attorney General being the most important man in America.”

“I think he mentioned you too, by the way,” Cuomo joked to Spitzer, who obliged by laughing.

“Jim said this? I’ll call him. I’ll straighten him out,” Spitzer responded.

He added, “The feds have failed to act. And in the absence of federal action, we must step in.”

Looks like CNBC might give Fox Business a run for its money--at least in terms of childishly bombastic rhetoric. "We have a competitor now in Fox and it is really important to destroy and mutilate them," Mad Money host Jim Cramer told Broadcasting and Cable.

Meanwhile, Thomas Clarke of TheStreet.com, a financial news site that Mr. Cramer helped found, takes a somewhat more blase approach to the Fox launch, telling The Times: "We're kind of indifferent."  read more »