A Classic Video from Jim "Mad Money" Cramer: "Bear Stearns Is Fine!" March 11, 2008
I am sure this has been posted, but just incase anyone missed it.
On Monday, March 11, 2008, the CEO of Bear Stearns told the public that the company had no liquidity problem. The stock rose from $60 to $68.
On that day, Jim Cramer gave us this bit of wisdom.
On Sunday, March 17, the New York Federal Reserve Bank oversaw a buyout of Bear by J. P. Morgan Chase at $2 a share.