Cramer Admits He Was Wrong on Bear Stearns

[tedsalad]

Jim Cramer is a used car salesman.

[rlichota1]

This is more show than intelligence of financial wisdom.

Robert Lichota

[fedorvonbock16]

i love crammer but he has to accept defeat

[TheJoec2005]

im no fan of stewart but you know your in trouble when a comedian takes you to the cleaners

[HMFRiverdale]

Liar . . . no more no less. .. .

[gregarious24]

Cramer's self-loathing is completely palpable.

[TheJoec2005]

i dont like stewart but you know your in bad shape when a comedian puts you in your place

[rmccay88]

I love how he tries to spin it even though everyone including his mother knows he is full of shit.

[casienwhey]

he makes calls that are wrong and then pretends he didnt make them

[jflor98]

Cramer is great, very few can return the 24% on average that he did as a money manager. His show is great too.

[jeffhowison]

why would i say the stock is worthless when i was recommending it? LMFAO

[theflamingfurby]

I love how he admited so many shorted Bear after his comments. Duh, we all know not to do what he says.

[stronzoassoluto]

doppio stronzo con capriola!!!

[axelcarmen]

This man is evil.

[Pasha350z]

Fuck Jim Cramer! I can't believe that NBC has that fool working for them

[mikeydfromsd]

The guy said nothing about his fucking deposit! He was talking about Bear stock and Cramer fucking knows it. FUCK CRAMER! I can't wait until they lock his ass up. You know its coming.

[trox123]

Cramer is idiot and stupid , retardadito mental...

[moezappa]

Jim's response is right on point. The "question" was unclear. "Should I take my money out of Bear Sterns (BS)" seems to imply the person had an deposits at BS. That money is & was safe. Owners of the stock were not safe.

[bonehardaggin]

Peter Schiff rules all these goverment stooges and their advice.

[etecnifibre]

How many people commenting on here would put THEIR picks against Cramer's?

I'd go with his picks against the youtube commenters. No offense.

[Creamyguitar1956]

@etecnifibre And you would be bankrupt if you go WITH his picks....see where most are at now.

[dmanpalmcity]

Who said Jim Kramer was always right? He is one of many speculators out there and he gets his stuff right and wrong sometimes. As an investor, you are not obligated to listen to him, neither are you obligated to listen only to him. His opinions do not define the performance of an instrument, and as such, the investor should be wary about where he gets his sources from. Why blame Kramer for your money? You had thousands of other choices to choose from. Be rational for once.

[KryzMasta]

Obviously, you're right (as well as etecnifibre). Jon Stewart said it the best, I think. He said: it's unfair to put the blame on Cramer as a person, he's small potatoes in the 'grand scheme' of the financial crisis. But he's symptomatic for the way the business went: people profess their opinion based on their expertise, and on top of that Cramer uses a rhetorical style with which he attempts to make the viewer feel stupid if he doesn't agree with him.

Being wrong isn't the point.

[brassknight]

With respect . . . where's your smoking gun in this interview?

[daveyork0]

How come Google search for douchebag leads here?

[gspcdy14]

Cramer, you're such a tool piece of shit. You and your show sucks ass. Stop being childish with the sound effects, becuase your parents didn't show you enough attention when you were young. You should just quit what you do, because all you are doing is throwing out guesses and getting owned by Jon Stewart. Thanks.

[hkjonus]

What Nerve!!!!

This fucking loser should just shut up!

[MasLimonySal]

lol he fvked up about wachovia . a tool

however Obama is destroying the free market

[jcub33]

You mean the deregulated free market that helped those in the financial sector to mess around with people's money?

Right.

[whiskeydog310]

What a dildo.

[espinosagab]

Why would he mention bailouts if he was only referring to deposits? If that were the case he would've only had to mention that the money was insured by the FDIC. And im sorry tdforbust, but liquidity does not only refer to deposit accounts and, at bottom, is reference to a bank's ability to meet its obligations and, hence, survive. Which as we know it didnt.

[tdforbust]

You Cramer bashers are dumb, he was stating that the person should not take their money out of the banks, not to sell the stock, those are two separate issues.

[bjamin1884]

I used to think he knew something... what an idiot

[vinny1010]

Haha, this mofo flip-flops like it's going out of style!! LOL

[garyowen4ever]

ali velshi is a moron who should be on cnbc with all the other morons.

[bacaca88]

Cramer is a fucking, lying, useless, cunting bastard twat. Hope he ends up in a trailer park as a vagrant.

[dargay]

if he was in a trailer then he would not qualify as a vagrant. Pity.

[elgatito]

con man

[sianghan]

Look at Cramer trying to weasle his way out of this fatal call. Just do the exact opposite of what he says and you'll make alot of money!

[tico8007]

Jim Cramer should join the Obama administration.

Professional sounding charlatans.

[mufwebster]

I saw that segment at the time and was reading him on the RM site, and it was clear to me he was bearish on the common and was telling the e-mailer that the deposits were safe. In fact, the weekend before the Bear deal, Cramer suggested on the RM site that readers should go long Bear bonds and short the common. I unfortunately did not do it, but it was a brilliant call. Cramer has made mistakes--it's inevitable in this business--but this wasn't one of them.

[peppeddu]

BS talking doesn't bring money back from the people who listened to him in the first place.

The only value for people like Jim, is entertainment.

Fun to watch but that is it.

[eric00921]

I guess Cramer doesn't listento himself either. He speaks STOCK not bank deposits. I told that e-mailer not to tack her money out of Bear. THE STOCK It is a show about STOCK not CD's or statement savings. Cramer is a fucking MORON

[OrmEmber]

Cramer is talking out of both sides of his mouth here. He told them to leave their money in Bear Stearns, that Bear Stearns was safe, and now the investors have nothing....

[followyourgut]

fuck cramer... jajaja

[blahblahbleebleeblah]

Could Cramer admit that he guzzles STD fag cum and digests it into his gut? His probiotics consists of HIV, Strep and Shirley Manson. His stock and cock is worthless on my ass. I need real liquid asset jizz. Where are YOU? FAG

[gioc019]

Jim Cramer, is one of the most annoying tv personalities. He is a jackass, yelling and screaming and getting all excited about the stock market, what a money worshiping idiot. I cannot stand this tool.

[Ninetyone11]

This azz clown is now telling people to pull out completely from stocks if they need their money for the next 5 years. FEAR is driving this crises to be more than it is. Jim Cramer is a Pizzy frothing with FEAR!

[Bertvandijken]

Bear wanted to sell CDS's they posessed at a

low

rate, to get liquidity. The problem then was

that JP Morgan who had much more of these

CDS's, had to devalue the these equity to the

market price set by Bear Stearns . Then JP

Morgan would have gone bankrupt.

[nghivu]

Cramer is clueless about what is going on. He's just a cheerleader for everything.

[garyowen4ever]

ali velshi's brians are in his hair.

[WrAth2110]

lol....

[warrencurrier]

someone bitchslap that boy.

what a fuckhead he is.

hey, buy a shirt that fits your ugly body, stupid.

this 'ego thing' is no more than a penis with ears.

Currier / Boston

go fuck yourself.

[slider1860]

JackedUp

How are you making out with P2P??? are you still getting paid??

[j1w2000]

Jim Cramer is the most dangerous and irresponsible financial influence in the media today. He has no accountability and gives reckless advice severely financially injuring those who are naive enough to believe in his erroneous opinions.

On July 14th episode of Mad Money he said Citi and BAC where headed to "single-digits" and that they should be sold. Since then Citi is up from $14 to $20. This clown needs to be either fired or held criminally responsible for his advice.

[zenithomega19]

First off....honestly folks, how many people really saw the BSC bailout (from the Fed, JPM) coming?

No one.

Secondly, if you listen to (and follow the advice of) Cramer, you're a fool. End of story.

Lastly, things are going to get worse, IMO before they get better. Just take a long look at IMB. (PS: Fannie Mae, Freddie Mac aren't doing well either).

Good luck.

[duediligence08]

I hope that someone posts a clip of MadMoney Tuesday 7/08/08 where Cramer is once again groveling for Fed intervention, ie your tax dollars loaned to the poor down on their luck multinational banks. Sit back and enjoy the comedy on CNBC as long as you only have some play money to leave on the Wall Street table and can stare down a Rothchild or Morgan. Like professional wrestling, these shows are for entertainment purposes only. Enjoy.

[duediligence08]

Don't you love the 20th century. We can go to Comedy Central to get a handle on the day's news and we can turn to CNBC for a humorous interlude. I love to hear the assuring rhetoric about the unending virtues of free market capitalism by Cramer and Kudlow. This lovefest for unrestrained capitalism seems sincere, until stocks go down, then someone must be to blame. Then we see that the government, or as Cramer just put it "the responsible position people"(WTF) should have done something.

[rog944]

What a lying scumbag. His tombstone should just have a picture of a snake on it, because that's what he is.

[buyystocks]

NOT sure about gold,oil will come back down and cramer said $1600 gold when it was close to $1000 after last yr he said do not touch gold at $550? hey hes late.

[SamFreedom]

Seems CRAMER'S gift isn't in picking stocks... it's in fast-talking his way out of the shit he gets people into...

[buyystocks]

HE has a stock show?,how about shld $192 could go $600-$800 another berkshire,NOW $92 I will never ever forget this loser,HE SUCKS,to many huge losers.

[TaxSlaveRoark]

Liar. He didn't recommend selling, he had it rated "Buy". And the clip where he said, "No, No, No" did not mention deposits. He rates stocks, and it sure sounded like he was telling the viewers not to dump the stock, just before it tanked big time. It's all on video.

[Chapstix9]

Quote: "So I don't know."

Thank you.

[Chapstix9]

Quote: "So I don't know."

Thank you.