When Is The SEC Going To Investigate Jim Cramer?

CIT's stock price plunged 45% today as the company collapses under the weight of billions of dollars of distressed assets (bad loans) and appears headed for some flavor of bankruptcy.  YESTERDAY, however, CIT stock ramped up over 31% as a rumor circulated the market that a $10 billion bank loan was being arranged to save CIT from bankruptcy.  The majority of that ramp up occurred AFTTER Jim Cramer came on to CNBC and pounded the table for viewers to load up on CIT stock.  Here's the link (hat tip to Zerohedge.com):  Cramer: CIT to the Moooooon

Anyone who has been following the CIT soap opera knows that Pimco effectively tied up most of the decent collateral, as it engineered (some would say "forced") a $3 billion debt swap in which unsecured bonds were exchanged for super-collateralized bonds.  This basically negated any hope of a larger, secured bank debt deal and would put Pimco in prime position to profit handsomely from any future financial reorganization/liquidation.

How come Cramer did not know these facts?  Why is Cramer allowed to go onto CNBC and continually issue table-pounding stock buys on imminent train wrecks?  He did the same thing a few days before Bear Stearns collapsed.  We know by his own admission that he used to front-run stocks on inside information when he managed a hedge fund.  How do we know he's not pumping up stocks like CIT and Bear Stearns in order to allow his Wall Street cronies to get out of them before they vaporize?
My question is, WHEN IS THE SEC GOING INVESTIGATE CRAMER AND CNBC?  Why is Cramer much different that Madoff?  Both are corrupt snake-oil salesmen.  I hope some burned investors from the current CIT abortion pursue this matter in court.