Monday, December 22, 2008

The 10 Worst Predictions for 2008

Foreign Policy has some really bad predictions in 2008:
“Peter writes: ‘Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?’ No! No! No! Bear Stearns is fine! Do not take your money out. … Bear Stearns is not in trouble. I mean, if anything they’re more likely to be taken over. Don’t move your money from Bear! That’s just being silly! Don’t be silly!” —Jim Cramer, responding to a viewer’s e-mail on CNBC’s Mad Money, March 11, 2008
CNBC's got Jim Cramer and their parent company GE is getting subsidized by federal bailout money.