The pro-state establishment's top investment expert Jim 'Insane Money' Cramer gives hairbrained, ludicrous investment advice to one of his readers:
But, on March 11, Cramer told an e-mailer not to sell the beleaguered investment bank’s stock on his show’s Web site:
'Dear Jim: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? --Peter
Cramer says: 'No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.'
(Via The Drudge Report. Thanks goes to Lew Rockwell for their reporting on this.)