Cramer already demonstrate how the Bear Stearns quote was taken WAY out of context. I think he is just letting it ride here since he has bigger fish to fry.
In fairness, the first time Stewart played a clip of Cramer discussing Bear Stearns, it was out of context because Cramer was not recommending the stock, only telling people their deposits there were safe—which they were. But on last night’s show Stewart dug out some slightly earlier footage in which Cramer definitely was urging people to buy Bear Stearns stock. You can see it in the video clip of Today at FinkelBlog.