'I Save a Lot of People Money': Cramer to Stewart

By Harry Kimball, Newser Staff

Posted Mar 10, 2009 1:00 PM CDT

(Newser) – Jim Cramer is once again on the defensive, as Jon Stewart seemingly can’t stop finding damning Mad Money clips, Gawker reports. Appearing on this morning's Today show, Cramer was subjected to a CNBC snippet that ran on the Daily Show last night, from January 2008, where the host literally asked his audience to buy Bear Stearns stocks. “Did I make a mistake?” he asks.

“Any time you recommend a stock and it goes down, you’ve made a mistake,” Cramer continued. “Here's a shocker: Almost every stock is down!” But Cramer takes solace in the fact that after he told everyone to buy Bear, he told everyone to sell, well, everything. “On October 6, 2008, I came on this show and said people should sell everything,” he told Meredith Vieira. “I save a lot of people money.”

[Images (3)]

[Videos (2)]

[Quotes (1)]

Jim Cramer. (AP Photo)

Jim Cramer. (Getty Images)

Jon Stewart. (AP Photo)

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Cramer's apperance this morning, with the Daily Show clip. (ScarceNews)

Jon Stewart tears into Cramer and his colleagues at CNBC. (newhannibal12)

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Whatever Stewart says, Bear Stearns this or that, that was a call that should have wrecked my career. And it would have, if stocks had gone up. But it didn't and I save a lot of people money. - Jim Cramer, on his advice to sell everything

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