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