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cnbc,cramer,bank,crash,subprime,mortgage,bailout,fed,wall street Jim Cramer: "Bear Stearns is Fine!" Tues, 3/11/08

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

posted by winkler1 1 year 8 months 3 weeks ago • 719 views
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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.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.

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Downvote me if I'm wrong but doesn't being amalgamated by JP Morgan mean their shares are translated over as well?

Either way, classic Daily Show material


written by RedSky  | 1 year 8 months 2 weeks ago | CH
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