"History is a wonderful thing, if only it was true"

Wednesday, March 19, 2008

Whoopsie ... cont

So lying SOB's mislead even seasoned vets.

This Is What Jim Cramer Said Last Week Regarding Bear Stearns (BSC) Outlook

March 17, 2008 10:32 AM EDT

It was obviously hard not to fall for the assurances offered by Ace Greenberg and Alan Schwartz of Bear Stearns (NYSE: BSC) regarding being highly liquid. Even highly-regarded professional investors from the likes of Jim Cramer said there is no need to avoid Bear Stearns.

A person called into Jim Cramer's Mad Money show and asked, "Should I be worried about Bear Stearns
Bear Stearns? In terms of liquidity and get my money out of there? --Peter

Cramer said: “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”

There is link to video on the site

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