TheStreet.com TV Recap: The Antidiversification of ETFs

Exchange-traded funds are part of the "corrupt process" that Jim Cramer said he's seen his entire career on Wall Street.

"I remember when I was a young pup at Goldman Sachs and the goal was to create as much product as possible," he told host Aaron Task, on TheStreet.com TV's Wall St. Confidential video Webcast Wednesday.

Having been the leader of product creation in his sales group while at Goldman, Cramer said he recognized that he did far better than everyone else in commissions because he created a lot of product. ...