'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.

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“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.” (Read more Jon Stewart stories.)

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