Jim Cramer - Sad Justification on Bear Stearns call 2008

Great advice Jim to keep your money in Bear. Did you know if the person was talking about the stock or the money in an account? Not long after Bear Sterns tanks and is gone forever. Now comes CNBC to the rescue trying to justify what Cramer was talking about. Click here to read the CNBC response.

Regardless of what CNBC was trying to justify the point is someone was asking the Guru Jim Cramer for help and he flushed the caller's money down the toilet.There is a great email chain between Jim Cramer and CXO Advisory Group. It is a "Must Read" and really shows a lack of professionalism and responsibility on the part of Jim Cramer.

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News & Politics

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• Jim
• Cramer

[SURFThru]

Take note of what Jim said "I said on Friday (3/14/2008) that the stock was worthless at $36." There is more to this...The advice in question was on Tuesday 3/11/2008 when the stock was trading around $60 a share. This interview was ridiculous and deceitful.

[isp1985]

he knew damn well what he was doing

[zeekle]

Erin sums it up @ 3:18

"How do I trade JP Morgan "COMMON" now that I have to specify the adjective."

[sha370z]

bear had made 100s of billion dollars bets on wall street and all over the world

when they look at bear paper work it said 2005 and it was mar 2008

bear could not pay up the 100s of billion of dollars

[heatedkill]

what a loser

[RedMarineNex]

I ... I .. I .. it .. it ... it ... can't cause a run ... what do do do do you expect from mmmmme.

Squirm you lying bastard, squirm.

[holocaustexpert]

@neoursa - every audience question is about common stock. CNBC callers are not asking about which firms to have manage large portfolios! These are nickel and dime investors asking about the stocks to buy or sell. What a sleezy joo. To try and say the caller meant the firm and not the stock. I would pay the $250 fee for a lie detector to prove he is lying.

[thatBMWkid]

Yep, and when you mean a mistake, you own up to it. He always owns up to his mistakes. You'd know if you watched his show regularly. It's hard to be perfect in the stock market.

[randybueno]

This guy is an idiot! Don't take your money out of Bear Stear! It sank 40 percent 3 days later!

[sesshoumaru3st]

@neoursa dude ur a fucking retard.

[nicks1108]

You guys bashing cramer have things pretty twisted. Cramer is the real deal NOT ANY TYPE OF CROOKl. He is an absolute genius when it comes trading and investing. He has made many many people, along with himself, lots of money over the years. He is of course wrong at times, which anyone who knows anything would understand . Its a joke that somehow he has become a sort scapegoat for the recent crash. The truth is that he is just out there trying his hardest to make people money