Jim Cramer's Reponse to His "Bear Sterns Is Fine" Advice

Jim "Insane Money" Cramer attempts to pull an "ends-justify-the-mean" malarkey today on CNBC with a response to his "Bear Sterns is fine" advice by defending his statement. In fact, he even states that he does not regret his "advice" by saying, "If you had your money in Bear, you still would have got it today."

This clod should be fired and hoisted on his own petard, considering he lied on the air, even though he was caught with his pants down.

He kind of reminds me of those used car salesmen that I've been told to stay away from. If a shady salesman tries to sell you a lemon and people try to warn you that it's a lemon, you might want to take heed of their advice and not Cramer's.

Here's the video of his appearance for those who are not in the mood to go to YouTube to see it: