iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,426 Blog Posts

Cramer Appears to be Lying

Wow, talk about spinning his [[BSC]] comments to his favor.

He’s been recommending purchase of BSC since $95, immediately following the Fed’s 75 bps cut. He was so far out there, vehemently recommending BSC: he even suggested that foreign bankers would be burning the mid-night oil—trying to outbid one another for Bear’s assets.

Now, in a shameless denial, Cramer is saying he suggested to “keep your money” at Bear, not the stock—but the firm itself.

Come on Jim. You have to be kidding me.

The main concern was not the guarantee of assets at Bear, but the stock price itself. I mean, I’m sure some people were concerned and started pulling money out. But, generally, people ask Jim for stock advice—not solvency issues.

It appears, someone is scared of that Drudge headline.

If you enjoy the content at iBankCoin, please follow us on Twitter

35 comments

  1. CubsRock

    Cramer, bleh. I’d rather hear you explain why the Nasdaq is down so much? Tech is already beat up?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Leawoodblues

    What about a two-fer on the emergency Asshat award!

    It may be redundant, since every time I see Cramer I automatically scream “asshat”.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. alphadawgg

    I remember the show when he made that comment about BSC. That was the only show of his that I watched, while I was flipping channels.

    I would rather have my nails pulled out than watch that again.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. BOOMER

    Here come the roaches!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. ck

    couldnt agree more. guy is dangerous on anything except momentum stocks in bull markets

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. kappa

    Haha.. See what he said on 3/11. I think Fly needs to give him another Asshat of the year award

    http://www.cnbc.com/id/23575614

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. BOOMER

    http://www.denverpost.com/breakingnews/ci_8603419

    speaking of roaches

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Mushroom Stamp

    Is that Bernanke trying to tape up the roach hole?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Kiwin

    How are we going green? How do the US markets make gains when everyone else is dropping? I don’t understand? . . .

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Woodshedder

    Kiwin, its a sham. That’s your tax dollars hard at work.

    Its like putting a band aid on top of a leg eat-up with Gangrene.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. CubsRock

    Kiwin, We get a rate cut tomorrow. Europe won’t cut their rates, yet.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. Helicopter Ben

    Amazing, isn’t it?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. JakeGint

    Your tax dollar at work. Keep hold of the real money.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Hey

    Fly, your prediction last night was 100% correct:
    “Under no scenario will the market end up flat tomorrow”
    Har har.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. mike

    I can not watch him even w/sound turned off. And, lately i can’t watch Fast Money w/out a major sedative administered by my personal, in house physician

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. gappingandyapping
    gappingandyapping

    DT: How about that GS call this morning 🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. Woodshedder

    How could anyone disagree that that money propping up the markets is not our tax dollars? Who do you think is paying 30 bil for BSC? The fucking tax payers!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. JakeGint

    Was that it for short covering? VIX still above daily lows (31.10) at 31.80.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Woodshedder

    Nothing would make me happier than to have the DOW plunge 80 points in the next 10 minutes.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. JakeGint

    Nice spaceman play, Gaps.

    (hope you covered)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. calvino

    What are you talkin about McFly? Most of Jimmy Jimbo the magic talking baboon’s CNBC clients had theri prime brokerage as well as their private client group accounts with BSC. I think you underestimate how high the baboon flies.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. jeff

    Special late day observation:

    Maria Bartiromo and Erin Burnett’s hair is fucked.

    Off to re-re-short.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. TraderCaddy

    Didn’t see Camer talk about BSC but based on Fly’s above mentioned comment the average viewer of Cramer’s show would not keep assets at BSC let alone even know how to contact BSC.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. JakeGint

    FED filled that gap, now looks to crap.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. Woodshedder

    Fuck you needle dicked pussy lips who keep giving me negative karma.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. JakeGint

    One minute to close! 25 pts to go!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. JakeGint

    Good job PPT… keeping the bullshit index green for all the rubes who only announce that one on the news.

    Happy St. Pat’s fuckers.

    ________________

    Wood, I fixed ye, as best I could.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. alphadawgg

    Jake,
    You get good karma for dispersing good karma to Wood.

    That is a 100% return, btw.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. JakeGint

    LEH struggled back a bit today, but let’s look closer…

    Over 12 times normal volume, and down 21%.

    What does “Chartology 101” tell us about such things?

    Yes, Woody? Is that you in the back raising your hand?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. JakeGint

    Thanks Dawg, back atcha. I always forget those little things are down there..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. Fear

    This was NOT the wash out. It is coming and when it does I’ll finally go on vacation.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. calvino

    Woody, I sympathize. The douchebags have forgotten that the proper use of their thumbs is to dike their rectal dam before it emits a huge flow of diarrhea. And feed the gerbils while you are up there, douchebags.

    Can I ask you for a favor – that bear you have on your blog, can you post a big jpg of him ?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. JakeGint

    “Cramer appears to by lying.”

    Translation:

    “Cramer appears to be moving his lips and uttering vocalizations.”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. crazyman7

    I wonder why so many people like to comment stuff. Why is this kind of spending your free time so popular? Maybe people have a lack of communication in real world? Maybe that’s because they have a lot of problems in reality and want to run away from them? Maybe they need new impressions and experience? Or they just got suck here? I don’t have a clue. What do you all think?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. ChocolateDog

    This post is awesome. I’m impressed by your style – experienced blogger, huh? Added your blog to my favs.

    • 0
    • 0
    • 0 Deem this to be "Fake News"