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Bear Stearns recommendation
On the March 11 2008 episode of Cramer's show Mad Money a viewer named Peter submitted the question "Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?" Cramer responded "No! No! No! Bear Stearns is not in trouble. He said "Huh? Backup? Look at the incredible decline in the stock market in all indices since the inauguration of the president with the drop accelerating when the budget plan came to light because of the massive fear and indecision the document sowed: Raising taxes on the eve of what could be a second Great Depression destroying the profits in health care companies tinkering with the mortgage deduction at a time when U. Around this time his apartment was robbed and he was left with nothing more than his car and the things in it; he lived out of his car for about nine months.
"Jim" Cramer (born February 10 1955) is an American television personality a former hedge fund manager and a best-selling author. Cramer is the host of CNBC's Mad Money and a co-founder and chairman of TheStreet. com Inc.
