Free Credit Repair - Jim Cramer: "Bear Stearns is Fine!" Tues, 3/11/08

Jim Cramer: "Bear Stearns is Fine!" Tues, 3/11/08

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CNBC's Jim Cramer screams that "Bear Stearns is fine!" and "NO! NO! NO!" ... "Bear Stearns is not in trouble" ... "Don't move your money from Bear! That's just silly! Don't be silly!" to investors while Bear Stearns was still trading at over $60 a ahare, down from a high of $171 just over a year ago ( http://dealbook.blogs.nytimes.com/2008/03/14/bear-stearns-week-from-hell/ ). This just 5 days before Bear Stearns sold to JP Morgan for $2 a share, in a Fed brokered bailout. Reuters (03.16.08): "Bear's stock closed on Friday at $30.85, valuing it at $3.5 billion, after tumbling 46 percent that day. Shares in the fifth largest U.S. investment bank, which employs more than 14,000 people, hit a record high of more than $171 in January 2007. ..." http://www.forbes.com/reuters/feeds/reuters/2008/03/16/2008-03-17T021331Z_01_N16710089_RTRIDST_0_BEARSTEARNS-JPMORGAN-DEAL-UPDATE-2.html

Channel: News & Politics
Uploaded: March 17, 2008 at 3:32 pm
Author: politiclips

Length: 0:01:34
Rating: 4.67
Views: 220,866

Tags: Jim Cramer Bear Stearns CNBC JP Morgan $2 bailout bankruptcy politiclips cuzimjustabill

Video Comments:

hansonkewl06 (Saturday 22nd of November 2008 06:36:38 AM)

Bear Stearns is "NOT" in trouble lol

flyingsquirel (Friday 21st of November 2008 10:35:54 AM)

Idiots, he was talking about the money that held in FDIC insured accounts. He wasn't talking about the stock.

eric00921 (Thursday 20th of November 2008 11:03:12 PM)

This Jim Cramer is the biggest idiot I ever seen. I also wonder why CNBC supports him...We should boycot both

OrmEmber (Saturday 15th of November 2008 12:16:15 PM)

I wonder how many people who stayed with Bear Stearns love Cramer now?

sianghan (Saturday 8th of November 2008 04:49:46 PM)

Why does this guy still have a show? Some people don't have the embarrasment gene.

jeff99az (Saturday 8th of November 2008 08:18:00 AM)

rotflmao!!!

keithmjr (Saturday 1st of November 2008 06:16:31 PM)

Hey everyone there things behind the scenes that Cramer didnt know about. Notice how she said everyone was down. ITS CALLED CONTAGION! Its a banking term that explains how bank runs work, everyone is exposed to it, look it up!

garyowen4ever (Thursday 30th of October 2008 07:00:23 AM)

roll BAMA,,ROLL TIDE AND DROWN WALL STREET IN TAXES!

followyourgut (Tuesday 28th of October 2008 08:41:54 PM)

FUCK CRAMER!!! FUCKING ASSHOLE!!!

goingwithzed (Tuesday 28th of October 2008 08:25:24 AM)

Hey everyone get the facts straight instead of buying into FUD - "... in terms of liquidity". "Ass kicking videos"... yeah, if you happen to be dumb enough to believe the twist on the facts. Cramer was trying to recommend people don't cause Bear to crater by pulling out while knowing that the Fed was backing up all deposits. watch?v=ayGcF8dnTV0&feature=related

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Jim Cramer: "Bear Stearns is Fine!" Tues, 3/11/08