Cramer toasted all credibility he had when he told people to hold onto Bear Sterns stock as it plummeted into the ground.
“Bear Stearns is fine. Do not take your money out. If there’s one takeaway, Bear Stearns is not in trouble. I mean, if anything, they’re more likely to be taken over. Don’t move your money from Bear. That’s just being silly. Don’t be silly.”
Same for Lehman Brothers?............................
That should have ended Jim Cramer’s career and instead he’s still on CNBC 15 years later shilling for the government and oligarchs.