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Video Flagged Dead

Jim Cramer: "Bear Stearns is Fine!" Tues, 3/11/08

submitted by winkler1

1 decade 6 years 3 months 1 week ago

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/2008/03/14/bear-stearns-week-from-hell/). This just 5 days before Bear Stearns sold to JP Morgan for $2 a share, in a Fed brokered bailout.