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

[dereknyc]

LOL
Liberal wingnuts attacking the Fox messneger - because CNBC sucks.
There's nothing wrong with fessing up to this even if means that you need to begrudgingly admit Fox business is better.

Go Fox GO.

[DesertLight]

I am not getting this. Did anyone know what this guy said? Or did the first word in the title send you all into a feeding frenzy?

[swift goat pet for truth]

Gee, its only all over the internet....

[DesertLight]

Thank you both, it was a rhetorical question, followed by pointing out that the first 9 out of 10 posts had nothing to do with the substance of the article. Since most of them could not get past the first word, FOX.

[AMERIKA]

Actually he saif that Bear Stearns STOCK was worthless, but that your money invested at bear in one form or another was safe. Turns out, he was actually correct, but the answer he gave was not in the context of was the stock of Bear Stearns worth anything - he was not talking about the value of Bear Stearns at all, rather about the investments they held.

[SCG]

The FOX comedy channel is at it again.

[LMarley]

Fox as a credible network? I don't think so. The credibility ship sailed out of port some time ago.

[DesertLight]

Well, the proof is in the puddin' in this case. I can't believe you would defend this knucklehead!

[AMERIKA]

listen to what he actually said..he actually said the stock was worthless on Wednesday or Thursday at $35 per share. If you shorted on his remarks you would have made bank.

[DesertLight]

Just one more sad case of someone who did NOT read the article or understand it's content. Ready! Fire! Aim.

[dmacgregor]

Notwithstanding Mr Cramer, at least CNBC broadcasts business news, unlike Neil Cavuto's efforts in which political gossip and scantily-clad pretty ladies dominate.

[ToddD]

Pot meet Kettle Black.....

[wittgene]

Not Fox News....Fix News. LOL, LOL

[Tom95134]

FAUX Noise?

[jnik]

No, False Noise.

[LivingStardust]

This has less to do with FOX being credible (because they aren't) than it does with Cramer being a self-important, loud mouthed wind-bag (no matter who signs his checks). People don't watch him for financial data and analysis (unless they are the same mouth breathers that watch FOX for, oh, any reason). People watch Cramer because it's entertaining to watch the trained monkey dance. It's an act, not news. It's that simple. If he sold his act without the histrionics, he'd be on radio. AM. At the far end of the dial. But his failings in NO WAY mean that FOX is credible. That's like saying because bears don't breathe water, that makes me a better fish.

[DesertLight]

On out of ten isn't bad. You must have been the only one of ten that actually got past the word "FOX" and read the article. I hope it isn't like that with the rest of the posters around here!

[DesertLight]

*One out of ten*

[DrFelch]

Yeah, Fox is real "credible"..... if you are a fascist, know nothing, science denying, war mongering, theocratic leaning, nazi promoting wingnut moron.

[iPolitics]

Fox Trash

[cfreedom]

Fox is dead wrong on this - it's a cheap shot at their rival CNBC. Cramer said the common stock was worthless but money was safe in the Bear Stearns investment bank. The people at Fox Biz - which has been a ratings disaster btw - know this, and if they don't, that's probably why their fledgeling network has been such a disappointment.

[GSH1976]

No, Fox is right about this and I despise Fox. Cramer was not referring to the investments held at BSC. Someone with major holdings at BSC is not going to call Cramer. If Cramer thought they were asking about the safety of their investments at BSC then why did he put up the stock chart? That was all a cop out Crmaer who is not man enough to own up to his mistakes (by the way their have been a lot of them).