I ask again, "When will CNBC do the right thing and get rid of Jim Cramer?" Jim's advice on Bear Stearns (NYSE:BSC) is is most horrific since, well, since the dot-com disasters he shuffled folks into. Jim's just a symptom of a larger problem. Our founding fathers would be ashamed of how we've handed our economy to the federal reserve.
Read »Bear Stearns, Jim Cramer, The Federal Reserve, JP Morgan
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...don't be such sheep.
Bumper 28 weeks 4 days 22 hours 50 min ago
Don Harrold is just as big a blowhard as Jim Cramer, and is trying to use this event to direct traffic to his site. Cramer was talking about pulling deposits out of Bear Sterns the Bank. His comments had nothing to do with the common stock. The clip showed above is HIGHLY edited from Jim's total rant to make it look like Jim wanted people to keep their money in the stock. Cramer has been recommending getting out of Bear common stock for months now.
Now I'm no big fan of Jim Cramer, and there are PLENTY of reasons to hammer this guy on 100 issues. This just happens not to be one of them.