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Jim Cramer on BSC: Time to Contact the SEC

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http://www.donharrold.netNOTE:... My video is dated 3/19/2008. That is an error. This video was created and uploaded on 3/18/2008.I cannot believe the gall and recklessness of Jim Cramer. His rant tonight forced me to discuss the HORRIBLE calls he made on Bear Stearns (NYSE:BSC) again. Furthermore, the facts are extremely clear and, more important: PROVABLE. 1) Jim Cramer called BSC a buy at an average price of $80.45 over the last two months. 2) Jim Cramer's own site, TheStreet.com, added his call of March 11, 2008 as a BUY, too.3) Jim Cramer did not mention it was a bad idea to hold BSC "common stock" until AFTER the stock tanked on Friday, March 14, 2008. This is a KEY point. Because, if Jim had mentioned BSC was "worthless" LAST TUESDAY none of this would be an issue. Since he did not, he must now own up to his bad calls and stop peddling a false premise: That he got folks out of BSC with some sort of "prescient" call (to use his language).4) TheStreet.com REMOVED the "buy" call they listed from Jim Cramer on BSC from March 11, 2008. This removal was sometime on Monday, March 17, 2008. An investigation needs to be done to find out who removed the buy call, and under whose direction the removal was made.It is time for BSC shareholders to take action and contact the SEC. For some reason, Jim would rather say he said things he DID NOT SAY on a timeline he CONSTRUCTED AFTER THE FACT, than tell the truth. The truth is that Jim's calls to buy BSC were disastrous. Nothing less than a debacle of painful proportion.Finally, it's one thing for CNBC to post a disclaimer on Jim's show. It's another for CNBC to continue to profit from his blatant attempts to revise history while his calls hurt investors who followed his advice. You can reach the SEC at http://www.sec.gov

Channel: News & Politics
Uploaded: March 19, 2008 at 3:24 am
Author: donharrold

Length: 04:42
Rating: 4.72
Views: 5782

Tags: bear  bsc  cnbc  cramer  don  harrold  jim  john  jon  mad  money  sec  stearns  stewart  stuart  

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dalesalsa (June 26, 2008 at 5:26 pm)
You'd be awesome on Jon Stewart brother. I really think Cramer is dangerous for the unwise people that actually take his advice.Good Vid
DonBenne33 (May 26, 2008 at 1:58 pm)
Well if an "idiot" such as cramer gets about 50% of his info correct..then why should we contact you for info that you'll probably give us 50% correct?
cybertrader69 (April 16, 2008 at 3:54 pm)
contact me if u want to learn trading skills.
cybertrader69 (April 16, 2008 at 3:52 pm)
the fact that cramer is wrong all the time must give you clowns a clue. even a complete idiot gets it right 50% of the time.this loser is more than likely paid by the big wiggs on the street to spread misinformation and confusion plain and simple.no way a man worth 100 million who use to work for Goldman BS artists could be this wrong, wake the hell up.the fact that they keep this BS show on the air proves how deep it goes.turn it off, in fact turn off all business news.
badumpy (April 14, 2008 at 7:00 pm)
good pernt
BlinkPunk5 (April 4, 2008 at 6:33 pm)
That's all good and well, but there are a lot of Americans who may not be as educated in finance/investing as you or others might be. There are real people who blindly follow Jim's advice. These people read and hear stories of friends and relatives making a bunch of money in the stock market and want to do the same. Jim's show is even aimed at simple folks who may not really understand the fundamentals of investing, with his wild antics etc. This is very sad, but very real.
xnevajack (April 4, 2008 at 2:36 am)
I wanna make you money, mad money.You cant "afford" to miss it.
buyystocks (April 1, 2008 at 3:40 pm)
I was talking about kingsston553
buyystocks (April 1, 2008 at 3:24 pm)
PRESCOTTBILL I wrote that down on my list of cramer loser,IM sure gold will back off say $600-$800 next yr hes is so late with gold.lets see next march what gold is,I have a legal pad with 60 loser that cramer has picked in the last 5 months,most are down 50%,
buyystocks (April 1, 2008 at 3:22 pm)
what cramer show are you watching you are 100% dumb ass.

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