I need to apologize — not to Jim Cramer, but to my readers, for not being sufficiently hard on Cramer the other day.
I had missed this essential and hilarious fact:
[Three days before Bear Stearns went kablooey, and the same day he hollered about how “fine” Bear Stearns was on his quasi-TV show], on TheStreet.com, Jim Cramer listed Bear Stearns common stock as a “buy” at $62…
[After Bear blew up] TheStreet.com quickly removed Cramer’s March 11 “buy” recommendation from its page devoted to Bear Stearns.
Jim Cramer: no matter how bad you think he is, he’s worse than you think.