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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: March 17, 2008 at 10:32 pm
Author: politiclips

Length: 01:34
Rating: 4.70
Views: 181705

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

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Video Comments

garyowen4ever (August 22, 2008 at 6:07 pm)
cnbc has become college bunnies gossiping about business without a clue.
chessunderground (August 18, 2008 at 2:53 pm)
this is really funny. Buy LUZURDO at 100 per share and sell NOTINTIME at 150 per share
larrygt1 (August 18, 2008 at 5:53 am)
the stock is now $10 8/17/08 when this clip came on the stock was $62 thanks jim you just fucken ruined so many peoples lives fuck u fuck msnbc thank god i dont listen to you.
larrygt1 (August 18, 2008 at 5:47 am)
jim cramer should honestly be thrown in jail
minhoca23 (August 15, 2008 at 3:28 am)
Bear Stearns was fine -- it was an orchestrated short attack on a bank with few friends. Several big hedge funds ganged up on it and took it down. There is an SEC investigation on it (which I'm sure will amount to nothing). Business is business. Someone saw an opportunity and the went for it, not unlike Soros "breaking the bank" of England when he shorted 10 billion pounds, making 1 billion off the trade. They tried the same with LEH after, but weren't successful. Gekkoism at its finest!
JackedUpOnTheJuice (August 9, 2008 at 1:49 pm)
You guys wanna make money?Go There!pathway-2-prosperity(.) net /?r= hdeckAny question e mail me!Here is an example of $100.00 Deposited in the "30 Day Plan" ......$100.00 x 2% = $2.00 x 30 Days = $60.00 PLUS your initial Deposit of $100.00 = $160.00Here is an example of $100.00 Deposited in the "60 Day Plan" ........$100.00 x 2.67% = $2.67 x 60 Days = $160.20 PLUS your initial Deposit of $100.00 = $260.20
sathanas75 (August 9, 2008 at 7:51 am)
Guys, Cramer said: "Worst case it (Bear Sterns) will be taken over, don't move your money" I don't see any problem with this statement, no Bear depositor lost his money.
48memorex (August 7, 2008 at 5:35 am)
Its the big boys that run the show, just because you joe suck bought 100 shares of xyz and you think your a player doesn't matter, its the big boys buying 100000 share blocks that run the bingo NOT YOU so get lost
garyowen4ever (August 3, 2008 at 2:23 pm)
CNBC IS ANIMAL HOUSE.
arunachala1008 (August 2, 2008 at 10:24 pm)
way to go cramer. he should get nominated for douche bag of the year

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