Cramer: Bear Stearns is not in trouble!!
Mar 17, 2008 at 3:39 PM by Political Chase
Sage advice from CNBC’s Jim Cramer on Bear Stearns last week: “No! No! No! Bear Stearns is not in trouble.”
Uh-oh. I think Cramer was a tad off.
Transcript:
“Dear Jim: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? –Peter
Cramer says: “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”
(Ed. Note: Had a bit of trouble getting this posted. Sorry for any inconveniences or inaccuracies in the interim.)
Jim Crammer is a Wall Street guy and feels in his dark heart he should never do anything that might hurt anyone such as give accurate advise. He does not even realize how skewed he is, but he is full of himself and full of loyalty to the same people who would ruin America. If he is your hero, keep kissing him as he and his friends take your money and get rich.
It might even be true he isn’t still invested in stocks himself, but his ego won’t ever allow him to see the reality of the harm he is doing. Plus, he simply is overwhelmed by the access he has to CEOs and loves being in the center. But, if you ever find him around someone actually articulate or informed, he wilts like a starched shirt on a humid summer day in New Orleans. There is nothing confident inside and he uses bluster to cover up his insecurities.
Remember, guys like him won’t ever help you, they always and only want your money for themselves or their friends. Period.
Ha, but there is zip chance anyone will heed my warning.