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Financial Advice For Divorce – Get Divorce Information For Free







icoPosted by: Debt Relief  :  Category: Business
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by House Committee on Education and Labor

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CNBC’s Jim Cramer screams that “Bear Stearns is fine!” and “NO! NO! NO!” … “Bear Stearns is not in trouble” … “Don’t move your money from Bear! That’s just silly! Don’t be silly!” to investors while Bear Stearns was still trading at over a ahare, down from a high of 1 just over a year ago ( dealbook.blogs.nytimes.com ). This just 5 days before Bear Stearns sold to JP Morgan for a share, in a Fed brokered bailout. Reuters (03.16.08): “Bear’s stock closed on Friday at .85, valuing it at .5 billion, after tumbling 46 percent that day. Shares in the fifth largest US investment bank, which employs more than 14000 people, hit a record high of more than 1 in January 2007. …” www.forbes.com

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25 Responses to “Financial Advice For Divorce – Get Divorce Information For Free”

  1. galenct Says:

    Bear Stearns was fine. JP Morgan and Bank of America shorted it and spread false rumors to make a quick profit, when Bear Stearns had the same “worthless debt” as everybody else.

  2. hojoleon Says:

    i was an intern at bear during my last semester of college, you couldn’t even imagine what was going on there

  3. VAFranky Says:

    @xpandergt And what the hell is this obsession with high fives.

  4. VAFranky Says:

    @xpandergt Ugh…honestly one more try. On THIS occasion, he was indeed referring to retaining Bear as the caller’s Broker.

    On several other occasions; very close to the complete landslide that Bear Stearns got swept away in, Cramer said “Buy Bear Stearns stock!” There is video evidence of him doing so. He was suggesting nothing other than actions which could have and did lead to people directly losing money.

    If you continue to argue I can only come to one conclusion, that you are Jim Cramer.

  5. xpandergt Says:

    @VAFranky Keep giving yourself a self high five for your ignorance. I trade stock as a side business genius. I’ve been an investor for 10 years. I use to work at T Rowe Price. Any investor knows the terminology used. “Sell, close out your position, take the money and run should be sell explanatory to SELL YOUR SHARES. If the caller would have said should she pull her money out of bank of America, it still would have been interrupted as she referring to an ACCOUNT and NOT the SHARES OF B OF A.

  6. VAFranky Says:

    @xpandergt I seem to be more educated on the subject matter than you are, and I’m no market pro by any means. Especially since you deny that Jim Cramer suggested people buy Bear stock. He did so on multiple occasions and there is video of him doing so….on multiple occasions, which you deny. I know what it means for a company to go through insolvency, you shouldn’t try and toss terms at me hoping I won’t know what they mean in order to save your flimsy argument.

  7. VAFranky Says:

    @xpandergt I would’ve let the misspelling slide like I do 99.99% of the time with UTUB comments, but since you did it in about 11 different post I couldn’t. You want to correct all these people on something that you are absolutely wrong about, and you can’t even spell the man’s name? Give me a break.

  8. xpandergt Says:

    @VAFranky Why do you think people make “runs on banks? People line up to pull their money out when they hear that a banks they have their money in is running out of money “illiquid” or “insolvent”. All anyone has to do is look what happened to Indy Mac.Google Indy Mac Bank and Chuck Schumer. Many believe it was his comments that made depositors pull their money out of the bank thus crippling it. Being educated on the subject matter is a good thing, you should try it.

  9. xpandergt Says:

    @VAFranky Thanks for pointing out the extra R i placed in “Cramer”s” name, I’m sure the youtube community and yourself can rest easier now that it has been pointed out. Give yourself a high five. As for you comment about “denial”. I have been point out something that you appear to have a problem coming to grips with. It’s called “THE TRUTH”. Maybe comprehension isn’t one of your strongest points, I don’t know.

  10. VAFranky Says:

    @xpandergt People that purchased Bear Stearns stock; often based on Jim Cramer’s (not Crammer) advice immediately saw their investment values plummet dramatically. This loss was not covered in any way. If you are in denial that Jim Cramer suggested buying Bear Stearns stock please refer to my previous comment.

  11. VAFranky Says:

    @ChillWillKill09 Five days before he told this caller that he was safe having Bear Stearns as his broker, he highly recommended buying and holding Bear Stearns stock.

    There are plenty of articles and videos explaining this, including one on YT called (Jon Stewart PWNS Jim Cramer). Get your facts straight before commenting in such a condescending manner.

  12. VAFranky Says:

    @ChillWillKill09 Five days before he told this caller that he was safe having Bear Stearns as his broker, he highly recommended buying and holding Bear Stearns stock.

    There are plenty of videos and articles that point this out including one on youtube titled (Jon Stewart PWNS Jim Cramer). Get your facts straight before commenting in such a condescending manner.

  13. 450984 Says:

    I can’t believe this idiot is allowed to stay on the air in any way, shape or form. A loud-mouthed ignorant moron, that the herd/sheep still listen to.He should never show his face again in the financial sector!

  14. jiveturkeyusa Says:

    The one thing that is clear is Mad Money is an equity investment show in which Cramer gives his analysis on specific equities and the overall market. People call in and Cramer gives his analysis of specific equities with a price chart brought up. When Cramer said “Bear Stearns is fine” with the Bear Stearns stock chart on the screen on 3/11/2008 priced at $62.97 up over 1% from the previous close he was clearly wrong. (Bear Stearns was not fine).
    watch?v=XB7j4zjz_PA&feature=related

  15. jiveturkeyusa Says:

    @xpandergt I have heard Cramer’s response to this incident (he was lying and trying to spin it). Did you believe him?

  16. xpandergt Says:

    @jiveturkeyusa Checkmate? I didn’t know we were blacking chess. I’m a checkers person myself. quote me in saying that bear or crammer was right about the condition of bear sterns. My issue from the very first post was about the emailer’s account a bears not the strength or solvency of bear itself. Also Crammer did say that if Bear wasn’t alright, it would be BAILED OUT OR TAKEN OVER. So you can check your mate at the door.

  17. xpandergt Says:

    Listen what Crammer actually said. Don’t move your money “FROM bear”. He didn’t say “don’t sell bear”,

  18. jiveturkeyusa Says:

    @xpandergt Hey “Bear Stearns is not in trouble” Checkmate.

  19. xpandergt Says:

    @jiveturkeyusa I forgot FDIC increased their limits, simple mistake. What happens when failing banks have liquidity problems?They are taken over by the FDIC. Do people lose all the money in their accounts?NO So you haven’t proven anything that I or Crammer said that was wrong. Just tell me that people who had accounts with Bear weren’t protected, so I can have a good laugh.

  20. xpandergt Says:

    @jiveturkeyusa The liquidity of Bear was questioned just like the liquidity of a bank. People do make a run on banks and pull their money out if they feel the bank is in trouble. This is not a hard concept to embrace. Crammer always put a stock chart of a company he talks about. Your logic is flawed beyond belief. I have a family member who asked me back in 2008 should hey “pull their money” out of AIG. I told her that her annuity was going to be fine, the company was bailed out. Learn

  21. jiveturkeyusa Says:

    @jiveturkeyusa He said with a Bear Stearns Stock Graphic in the background “BEAR STEARNS IS NOT IN TROUBLE”

  22. jiveturkeyusa Says:

    @xpandergt LOL You are fooling yourself. The conversation does not make any sense under your assumption. The caller and Cramer were both talking about the liquidity of Bear Stearns stock., not the liquidity of brokerage account. ps FDIC covers $250,000.

  23. xpandergt Says:

    @xpandergt Crammer was right. Bear was taken over by JP Mogran Chase, and people who had accounts with Bear Sterns didn’t lose a penny. Their accounts are now with JP Morgan.

  24. xpandergt Says:

    @jiveturkeyusa The Federal Deposit Insurance Corporation FDIC covers $150,000 of a depositors BANK account. Bear Sterns wasn’t a bank, it was a brokerage firm Investor accounts are protected under the Securities Investor Protection Corporation SIPC.

  25. jiveturkeyusa Says:

    @xpandergt You ever hear about FDIC Insurance?

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