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Jim Cramer: "Bear Stearns is Fine!" Tues...

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/200... ). This just 5 days before Bear Stearns sold to JP Morgan for $2 a share, in a Fed brokered bailout.

  • knexus
  • posted by knexus
  • Date 3/19/2008 8:43:59 AM
  • Views: 462
  • All Ages
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3 Comments

Current View: 15 / Show all Comments

velocity73R : LVL 35: VP 4.3: said:

velocity73R

1 votes NegativePositive

259 days 9 hours ago...

The CEO and Board of Directors for Bear and Stearns should be in handcuffs right now. In January of this year they took millions of dollars worth of bonus`s, only now to have the government come in and bail them out of bankruptcy. The CEO, said his stock had a book price of $80.00/share, only two weeks ago, and now it is sold to JP Morgan for $2.00/share. However, Cramer was not talking to the people that owned the stock, that should have bailed at the time he made this statment, but instead the people with savings/money in the financial institution. So, you can`t really blame Cramer totally here, because he is correct those that had there saving`s there are still OK, and have lost nothing. It is the shareholders that took the hit. With that said, if the Gov`t did not bail them out, it could have been a very different situation for this caller, and he could have lost a lot...When Leeman Brothers goes, and other big institutions, that is when it will be scary leaving your hard earned cash with any of these so called, `Banks`...

Orbpael : LVL 23: VP 3.2: said:

Orbpael

0 votes NegativePositive

259 days 7 hours ago...

and thus another important part of how orgainised crime is the way of the us government and ultimately over the heads of everybody... not understanding how or why this is the case.

everyone clap.

yay

knexus : LVL 33: VP 4.2: said:

knexus

0 votes NegativePositive

259 days 1 hour ago...

one day something i put on here will make the front page, even if it takes every god damn video to accomplish it.

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