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.
Some people just can't seem to wrap their heads around the concept that when you say something on the record, it can come back to bite you on the butt.