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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.... ). 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/...

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: politiclips

Length: 01:34
Rating: 4.66
Views: 221549

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

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Video Comments

hansonkewl06 (November 30, 1999 at 12:00 am)
Bear Stearns is "NOT" in troublelol
flyingsquirel (November 30, 1999 at 12:00 am)
Idiots, he was talking about the money that held in FDIC insured accounts. He wasn't talking about the stock.
eric00921 (November 30, 1999 at 12:00 am)
This Jim Cramer is the biggest idiot I ever seen. I also wonder why CNBC supports him...We should boycot both
OrmEmber (November 30, 1999 at 12:00 am)
I wonder how many people who stayed with Bear Stearns love Cramer now?
sianghan (November 30, 1999 at 12:00 am)
Why does this guy still have a show? Some people don't have the embarrasment gene.
jeff99az (November 30, 1999 at 12:00 am)
rotflmao!!!
keithmjr (November 30, 1999 at 12:00 am)
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 (November 30, 1999 at 12:00 am)
roll BAMA,,ROLL TIDE AND DROWN WALL STREET IN TAXES!
followyourgut (November 30, 1999 at 12:00 am)
FUCK CRAMER!!! FUCKING ASSHOLE!!!
goingwithzed (November 30, 1999 at 12:00 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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