[janetjanet998]

Another classic (it collapsed a week later)

Jim Cramer: “Bear Stearns is Fine!” Tues, 3/11/08
https://rumble.com/v5e1rej-jim-cramer-bear-stearns-is-fine-tues-31108.html

[SteelPSUGOP]

Charlatan

[delta7]

Jim Cramer: “Bear Stearns is Fine!”
————
A contributing factor to the 2008 meltdown, Bear Sterns silver short positions. When Bear Sterns went under, JP Morgan assumed the $$$ billions of paper shorts ( losses). The number so great JP Morgan finally paid the losses off in 2013.

https://goldsilver.com/industry-news/goldsilver-news/why-the-collapse-of-bear-stearns-changed-the-silver-market-forever/

“ Bear Stearns’ failure coincided, to the day, with gold hitting all-time highs (over $1000) and silver hitting 30 year highs ($21). It’s easy to calculate that Bear lost more than $2 billion in being short gold and silver from yearend 2007 to mid-March 2008...”

JP Morgan is going to soon experience another “ religious” experience….manipulating markets never ends well.