10/13/2007

CNBC Mad Money host Jim Cramer recommends selling stock in toll road giant Macquarie Bank.

CNBC stock analyst Cramer yesterday joined the growing chorus of voices in the investment community raising questions about the financial practices of Australia's Macquarie Bank. The Mad Money host cited the work of New York hedge fund manager Jim Chanos who raised red flags about the toll road giant in May.

"Sometimes a company will do something so devious -- not illegal -- that you just need to clear out," Cramer said. "When you see any kind of smoke and mirrors -- remember on my desk was always, 'Accounting irregularities equals sell' -- you gotta say 'bye bye' to its stock."

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