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This Is What Jim Cramer Said Last Week Regarding Bear Stearns (BSC) Outlook

March 17, 2008 10:32 AM EDT
It was obviously hard not to fall for the assurances offered by Ace Greenberg and Alan Schwartz of Bear Stearns (NYSE: BSC) regarding being highly liquid. Even highly-regarded professional investors from the likes of Jim Cramer said there is no need to avoid Bear Stearns.

A person called into Jim Cramer's Mad Money show and asked, "Should I be worried about Bear Stearns
Bear Stearns? In terms of liquidity and get my money out of there? --Peter

Cramer said: “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.”

Here is the link to Cramer's video.

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