Fox Business Ad Slams CNBC, Cramer For Bear Stearns Remarks

Jim Cramer appeared on CNN's "Reliable Sources" yesterday and (kind of) owned up to his "Bear Stearns is fine" comments just a week before the investment bank's spectacular collapse. But it may have been too late, as Fox Business — the fledgling rival of Cramer's network CNBC — bought ad space in today's New York Times and Wall Street Journal knocking both Cramer and CNBC for the comments.

The ad headlines "Famous Last Words," and quotes Cramer on Bear Stearns, concluding, "Turbulent times call for a credible network."

View the ad below (embedded via DocStoc)

Famous Last Words - Get more free documents

Comments

[jnik]

Thank God I'm too poor to invest; I'd be gunning for Cramer about now.

[starcycle]

You'd have to be an absolute idiot to take financial advice from a talk show host in the first place. "you get what you pay for" (and usually less).

[VivaZapata]

BUY GOLD! there is no bull market. there's only what the bull left behind.

[Boboday555]

Fox Business Ad Slams CNBC, Cramer For Bear Stearns Remarks...As CNBC and Kramer Laughs Their Collective Arses Off Because As Everyone Knows; Only Fools Listen To Anything Coming From Fox!

FOX: TV For Stupid People.

[Boboday555]

"Fox Business Ad Slams CNBC, Cramer For Bear Stearns Remarks"
"The Nation Is Still Waiting For Fox-News To Slam The Bush Wite House For Getting America Involved In A War Based On Lies And Waged For Oil."
...and in a related story, "Nobody In America is Holding Their Breath."

[Yuma]

I never never never ever trust his opinions or Fox news.

[BOfever]

If you listened to Cramer and kept your money in Bear Stearns would you trust him?

[CharlesMac]

Nobody can account for the Market. When somebody is right, it lasts for about 10 minutes.

[DASM]

"Credible' + "Fox" = 2 words that should never appear together.

[BOfever]

After what Cramer said a week ago I would say Cramer + credible should not appear together.

[UNCLEJOE]

Simple logic tells a reasonable man that the FED spread rummers of Bear Stearns insolvency to cause a run on the investment bank so that JP Morgan could steal the company for pennies on the dolla.

[oversight]

Cramer made a terrible call on BS. This morning he made another. He said the worst was over, this is the bottom. This is only the beginning. No one knows where and how much of this derivative based crap is out there. Hundreds of thousands of foreclosures to come, banks failing, corporations going tits up, massive job layoffs, bailouts galore all sticking the average American with the bill. None of the causes of what has happened so far have been addressed or alleviated. These pundits are only trying to stem the bleeding. This is not even close to being over. Bank on that!

[LiberalSwede]

Cramer made a mistake, plain and simple. __it happens. I'd still value his opinions over anyone that appears on FBN.

[Waynkee]

Thank You, Fox Business Network for telling the American public what a fool Mr Cramer really is. Just like the other poster put it ,he's a trained monkey dancer.

[swift goat pet for truth]

So? Who is better? Are the guys on Fox's Saturday morning business block any better?

[flatus]

..... maybe (if everyone put blinders on) heh.

[flatus]

But on the other hand....
If everyone had taken Cramer's advice then BearSterns would still exist.

[DesertLight]

You care to explain that?

[samuraijack]

I normally despise Fox, but what's wrong with this? The Mad Money guy got it wrong, plain and simple. He shouldnt be such a giddy little cheerleader for rotten companies and stocks.

[ProfessorDuh]

Precisely. The man's a loudmouth shill.