Changes

On August 3, 2007, in an interview with [[Erin Burnett]] during Jim Cramer's ''"Stop Trading!"'' segment on CNBC's ''Street Signs'', before the stock market fell and before the [[recession]] began, Cramer made a passionate plea to [[Federal Reserve]] Chairman [[Ben Bernanke]] to consider cutting interest rates and, in turn, help the market and the people who are losing their jobs on Wall Street. The rant is now known as the infamous 'Rant Heard Round the World.'<ref>{{cite news |title=Cramer's Rant, the Anniversary |url=http://www.cnbc.com/id/15840232?video=808465173&play=1 |publisher=CNBC |author=Jim Cramer}} 07/29/08</ref>   

On August 3, 2007, in an interview with [[Erin Burnett]] during Jim Cramer's ''"Stop Trading!"'' segment on CNBC's ''Street Signs'', before the stock market fell and before the [[recession]] began, Cramer made a passionate plea to [[Federal Reserve]] Chairman [[Ben Bernanke]] to consider cutting interest rates and, in turn, help the market and the people who are losing their jobs on Wall Street. The rant is now known as the infamous 'Rant Heard Round the World.'<ref>{{cite news |title=Cramer's Rant, the Anniversary |url=http://www.cnbc.com/id/15840232?video=808465173&play=1 |publisher=CNBC |author=Jim Cramer}} 07/29/08</ref>   

On July 8, 2008 Jim brought up the possibility of bank failures. In his article, 'Look At The Facts'<ref>{{cite news |title=Look at the Facts |url=http://www.thestreet.com/p/_search/rmoney/jimcramerblog/10432518.html |publisher=TheStreet.com |author=Jim Cramer}}, July 8, 2008</ref> Cramer said, "The losses are increasing, the auction-rate preferreds are now biting, the mortgage implode-a-meter now measures how many home-builders are going under." The following day on July 9, 2008, during a segment on Mad Money Cramer again pointed out the forthcoming Financial Collapse. "Most frightening," Cramer said, "is the silence from those in the government who could take action but haven't. If silence means there is no plan, that's trouble for everyone."<ref>{{cite news |title=A Tribute to Jim Cramer's Mad Money |url=http://derekerwin.blogspot.com/2009/03/tribute-to-jim-cramers-mad-money.html |publisher=A 1-In-100 Blogger |author=Derek Erwin}} March 17, 2009.</ref> A few months later on September 15, 2008, the beginning of the market meltdown occurred.<ref>{{cite news |title=Lehman Files for Bankruptcy; Merrill Is Sold |url=http://www.nytimes.com/2008/09/15/business/15lehman.html?_r=1 |publisher=The New York Times |author=Andrew Ross Sorkin}} September 15, 2008.</ref>

On July 8, 2008 Jim brought up the possibility of bank failures. In his article, 'Look At The Facts'<ref>{{cite news |title=Look at the Facts |url=http://www.thestreet.com/p/_search/rmoney/jimcramerblog/10432518.html |publisher=TheStreet.com |author=Jim Cramer}}, July 8, 2008</ref> Cramer said, "The losses are increasing, the auction-rate preferreds are now biting, the mortgage implode-a-meter now measures how many home-builders are going under." The following day on July 9, 2008, during a segment on Mad Money Cramer again pointed out the forthcoming Financial Collapse. "Most frightening," Cramer said, "is the silence from those in the government who could take action but haven't. If silence means there is no plan, that's trouble for everyone."<ref>{{cite news |title=A Tribute to Jim Cramer's Mad Money |url=http://derekerwin.blogspot.com/2009/03/tribute-to-jim-cramers-mad-money.html |publisher=A 1-In-100 Blogger |author=Derek Erwin}} March 17, 2009.</ref> A few months later on September 15, 2008, the beginning of the market meltdown occurred.<ref>{{cite news |title=Lehman Files for Bankruptcy; Merrill Is Sold |url=https://www.nytimes.com/2008/09/15/business/15lehman.html?_r=1 |publisher=The New York Times |author=Andrew Ross Sorkin}} September 15, 2008.</ref>

On Hardball with [[Chris Matthews]] for September 19, 2008, Cramer suggested, "It's not too late to be on the sideline." On this day the Dow was resting at 11,388.<ref>{{cite news |title='Hardball with Chris Matthews' for September 19, 2008 |url=http://today.msnbc.msn.com/id/26841599/ |publisher=MSNBC TV |author=Jim Cramer}}, September 19, 2008.</ref> Cramer spoke again on the ''Today'' Show on October 6, 2008, suggesting to investors, "Whatever money you need for the next five years, please take it out of the stock market."<ref>{{cite news |title=Jim Cramer: Time to get out of the stock market |url=http://www.msnbc.msn.com/id/27045699/ |publisher=Today MSNBC |author=Michael Inbar}}, October 6, 2008.</ref> By February 24, 2009 the Dow was down to 7,351; since Jim Cramer's first warning to investors the DOW plunged some 3,000 points, ultimately it had plummeted 36% over the next five months.<ref>[http://www.cnbc.com/id/33330840 Cramer’s ‘Get Out’ Call: One Year Later], CNBC, October 15, 2009.</ref>

On Hardball with [[Chris Matthews]] for September 19, 2008, Cramer suggested, "It's not too late to be on the sideline." On this day the Dow was resting at 11,388.<ref>{{cite news |title='Hardball with Chris Matthews' for September 19, 2008 |url=http://today.msnbc.msn.com/id/26841599/ |publisher=MSNBC TV |author=Jim Cramer}}, September 19, 2008.</ref> Cramer spoke again on the ''Today'' Show on October 6, 2008, suggesting to investors, "Whatever money you need for the next five years, please take it out of the stock market."<ref>{{cite news |title=Jim Cramer: Time to get out of the stock market |url=http://www.msnbc.msn.com/id/27045699/ |publisher=Today MSNBC |author=Michael Inbar}}, October 6, 2008.</ref> By February 24, 2009 the Dow was down to 7,351; since Jim Cramer's first warning to investors the DOW plunged some 3,000 points, ultimately it had plummeted 36% over the next five months.<ref>[http://www.cnbc.com/id/33330840 Cramer’s ‘Get Out’ Call: One Year Later], CNBC, October 15, 2009.</ref>

On March 9, 2009, on ''Mad Money'',<ref name=norespect>{{cite news |title=No Respect: Cramer Criticizes His Critics  |url=http://www.cnbc.com/id/29601234 |publisher=CNBC}} March 9, 2009.</ref> Jim Cramer said Frank Rich "chastised me for endorsing Wachovia's stock after then-CEO Bob Steel came onto ''Mad Money'' and spoke positively about the [[bank]]." After the bank collapsed, Cramer reminded viewers that he takes [[pride]] in "the part about accountability,"<ref>{{cite news |title=All Press is NOT Equal in Value! |url=http://derekerwin.blogspot.com/2008/10/all-press-is-not-equal-in-value.html |publisher=A 1-In-100 Blogger |author=Derek Erwin}} October 21, 2008</ref> and is the first person to admit when wrong. Cramer mentioned, "Look, I was taken in, the guy pantsed me. I made a mistake. The [[SEC]] is investigating Steel's appearance on the show for truthfulness, though. I made a mistake, but they're investigating him to see if he lied. Bigger issue. Sometimes you just get had."<ref name=norespect/>

On March 9, 2009, on ''Mad Money'',<ref name=norespect>{{cite news |title=No Respect: Cramer Criticizes His Critics  |url=http://www.cnbc.com/id/29601234 |publisher=CNBC}} March 9, 2009.</ref> Jim Cramer said Frank Rich "chastised me for endorsing Wachovia's stock after then-CEO Bob Steel came onto ''Mad Money'' and spoke positively about the [[bank]]." After the bank collapsed, Cramer reminded viewers that he takes [[pride]] in "the part about accountability,"<ref>{{cite news |title=All Press is NOT Equal in Value! |url=http://derekerwin.blogspot.com/2008/10/all-press-is-not-equal-in-value.html |publisher=A 1-In-100 Blogger |author=Derek Erwin}} October 21, 2008</ref> and is the first person to admit when wrong. Cramer mentioned, "Look, I was taken in, the guy pantsed me. I made a mistake. The [[SEC]] is investigating Steel's appearance on the show for truthfulness, though. I made a mistake, but they're investigating him to see if he lied. Bigger issue. Sometimes you just get had."<ref name=norespect/>

On the same day,<ref name=norespect/> Jim Cramer also admitted, "OK, I'm a tempting target. Plenty of people come in and give their criticism on this show. But we're dealing with serious issues here; we need solutions, which I offer almost every night. I don't want [[ad hominem]] attacks. Take Frank Rich and [[Jon Stewart]]; I criticize Obama, so both of them seize on the [[urban legend]] that I recommended Bear Stearns the week before it collapsed, when I simply told an emailer that the deposit in his account at Bear Stearns was safe. 'Your money is safe in Bear Stearns,'"<ref>[http://www.cnbc.com/id/23575614 Mad Mail: Is Bear Stearns in Trouble?]</ref> Cramer repeated, referring to his own quote during a March 11, 2008 segment of ''Mad Money''. Moreover, Cramer outlined, "But through a clever sound bite, Stewart,<ref>{{cite news |title=CNBC Gives Financial Advice |url=http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice |publisher=The Daily Show}} 2009-05-03</ref> and subsequently Rich<ref>{{cite news |title=Some Things Don’t Change in Grover’s Corners |author=Frank Rich|url=http://www.nytimes.com/2009/03/08/opinion/08rich.html?em |publisher=New York Times}}, 2009-07-03</ref> - neither of whom have bothered to listen to the context of the pulled quote - pass off the notion of account safety as an out-and-out buy recommendation. If you called ''Mad Money'' and asked me about Citigroup, I would tell you that the common stock might be worthless, but I would never tell you to pull your money out of the bank because I was worried about its solvency. Your money is safe in Citi as I said it was in Bear. The fact that I was right rankles me even more."<ref>{{cite news |author=Jim Cramer |title=Cramer Takes on the White House, Frank Rich and Jon Stewart |url=http://www.mainstreet.com/article/moneyinvesting/news/cramer-takes-white-house-frank-rich-and-jon-stewart?page=4 |publisher=MainStreet.com}}, 2009-09-03</ref> Cramer then pointed out that, "I called out [[Henry M. Paulson|Paulson]]<ref>{{cite news |title=Cramer's 'Mad Money' Recap: Dec. 16 |url=http://www.thestreet.com/story/10453585/1/cramers-mad-money-recap-dec-16.html |publisher=TheStreet |author=Jim Cramer}}, 12/16/08</ref> and [[Timothy Geithner|Geithner]]<ref>Rush Limbaugh. [http://www.rushlimbaugh.com/home/daily/site_031109/content/01125108.guest.html Business Leaders Can't Let Go of Emotional Investment in Obama], RushLimbaugh.com, March 11, 2009.</ref><ref>{{cite news |title=Cramer: Where the Heck Is Tim Geithner? |url=http://www.cnbc.com/id/29304624 |publisher=CNBC}} Friday, 20 Feb 2009</ref> for their mistakes, where was Frank Rich praising me on that? Where was that?"<ref name=norespect/>

On the same day,<ref name=norespect/> Jim Cramer also admitted, "OK, I'm a tempting target. Plenty of people come in and give their criticism on this show. But we're dealing with serious issues here; we need solutions, which I offer almost every night. I don't want [[ad hominem]] attacks. Take Frank Rich and [[Jon Stewart]]; I criticize Obama, so both of them seize on the [[urban legend]] that I recommended Bear Stearns the week before it collapsed, when I simply told an emailer that the deposit in his account at Bear Stearns was safe. 'Your money is safe in Bear Stearns,'"<ref>[http://www.cnbc.com/id/23575614 Mad Mail: Is Bear Stearns in Trouble?]</ref> Cramer repeated, referring to his own quote during a March 11, 2008 segment of ''Mad Money''. Moreover, Cramer outlined, "But through a clever sound bite, Stewart,<ref>{{cite news |title=CNBC Gives Financial Advice |url=http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice |publisher=The Daily Show}} 2009-05-03</ref> and subsequently Rich<ref>{{cite news |title=Some Things Don’t Change in Grover’s Corners |author=Frank Rich|url=https://www.nytimes.com/2009/03/08/opinion/08rich.html?em |publisher=New York Times}}, 2009-07-03</ref> - neither of whom have bothered to listen to the context of the pulled quote - pass off the notion of account safety as an out-and-out buy recommendation. If you called ''Mad Money'' and asked me about Citigroup, I would tell you that the common stock might be worthless, but I would never tell you to pull your money out of the bank because I was worried about its solvency. Your money is safe in Citi as I said it was in Bear. The fact that I was right rankles me even more."<ref>{{cite news |author=Jim Cramer |title=Cramer Takes on the White House, Frank Rich and Jon Stewart |url=http://www.mainstreet.com/article/moneyinvesting/news/cramer-takes-white-house-frank-rich-and-jon-stewart?page=4 |publisher=MainStreet.com}}, 2009-09-03</ref> Cramer then pointed out that, "I called out [[Henry M. Paulson|Paulson]]<ref>{{cite news |title=Cramer's 'Mad Money' Recap: Dec. 16 |url=http://www.thestreet.com/story/10453585/1/cramers-mad-money-recap-dec-16.html |publisher=TheStreet |author=Jim Cramer}}, 12/16/08</ref> and [[Timothy Geithner|Geithner]]<ref>Rush Limbaugh. [http://www.rushlimbaugh.com/home/daily/site_031109/content/01125108.guest.html Business Leaders Can't Let Go of Emotional Investment in Obama], RushLimbaugh.com, March 11, 2009.</ref><ref>{{cite news |title=Cramer: Where the Heck Is Tim Geithner? |url=http://www.cnbc.com/id/29304624 |publisher=CNBC}} Friday, 20 Feb 2009</ref> for their mistakes, where was Frank Rich praising me on that? Where was that?"<ref name=norespect/>

== Publications ==

== Publications ==

*''You Got Screwed: Why Wall Street Tanked and How You Can Prosper'' (November 2002) ISBN 074324690X

*''You Got Screwed: Why Wall Street Tanked and How You Can Prosper'' (November 2002) ISBN 074324690X

*''RealMoney: Sane Investing in an Insane World'' (March 2005) ISBN 0743224892

*''RealMoney: Sane Investing in an Insane World'' (March 2005) ISBN 0743224892

*''Mad Money: Watch TV, Get Rich'' (December 2006)<ref>Jim Cramer. [http://www.cnbc.com/id/16005693/ Mad Money: Watch TV, Make Money], CNBC, December 2, 2006.</ref><ref>James J. Cramer, Cliff Mason. [http://books.google.com/books?id=ubshH_5MP2cC&lpg=PP1&dq=How%20much%20is%20Jim%20Cramer%20worth%3F&pg=PP1#v=onepage&q=&f=false Jim Cramer's mad money: watch TV, get rich]</ref> ISBN 1416537902

*''Mad Money: Watch TV, Get Rich'' (December 2006)<ref>Jim Cramer. [http://www.cnbc.com/id/16005693/ Mad Money: Watch TV, Make Money], CNBC, December 2, 2006.</ref><ref>James J. Cramer, Cliff Mason. [https://books.google.com/books?id=ubshH_5MP2cC&lpg=PP1&dq=How%20much%20is%20Jim%20Cramer%20worth%3F&pg=PP1#v=onepage&q=&f=false Jim Cramer's mad money: watch TV, get rich]</ref> ISBN 1416537902

*''Stay Mad For Life: Get Rich, Stay Rich'' (December 2007) <ref>James J. Cramer, Cliff Mason. [http://books.google.com/books?id=l6-GkHUu5qwC&lpg=PP1&dq=How%20much%20is%20Jim%20Cramer%20worth%3F&pg=PP1#v=onepage&q=&f=false Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)]</ref> ISBN 1416558853

*''Stay Mad For Life: Get Rich, Stay Rich'' (December 2007) <ref>James J. Cramer, Cliff Mason. [https://books.google.com/books?id=l6-GkHUu5qwC&lpg=PP1&dq=How%20much%20is%20Jim%20Cramer%20worth%3F&pg=PP1#v=onepage&q=&f=false Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)]</ref> ISBN 1416558853

*''Getting Back to Even: Your Personal Economic Recovery Plan'' (October 2009)<ref>Jim Cramer. [http://www.thestreet.com/story/10610767/1/cramers-advice-dont-give-up.html Cramer's Advice: Don't Give Up], TheStreet.com, October 13, 2009.</ref><ref>http://books.simonandschuster.com/Jim-Cramer's-Getting-Back-to-Even/James-J-Cramer/9781439158012</ref> ISBN 1439158010

*''Getting Back to Even: Your Personal Economic Recovery Plan'' (October 2009)<ref>Jim Cramer. [http://www.thestreet.com/story/10610767/1/cramers-advice-dont-give-up.html Cramer's Advice: Don't Give Up], TheStreet.com, October 13, 2009.</ref><ref>http://books.simonandschuster.com/Jim-Cramer's-Getting-Back-to-Even/James-J-Cramer/9781439158012</ref> ISBN 1439158010

Cramer has made appearances on NBC's ''Today'' show, ''[[NBC Nightly News]]'', ''Live with Regis and Kelly'', [[ESPN]] Classic's ''Cheap Seats'', [[NBC]]'s ''Late Night With Conan O'Brien'', [[Comedy Central]]'s ''[[The Daily Show with Jon Stewart]]'' & ''The Colbert Report'', ''The Tonight Show with [[Jay Leno]]'', [[David Letterman|Late Show with David Letterman]], [[American Broadcasting Company|ABC]]'s ''Jimmy Kimmel Live'' and NBC's The Apprentice (U.S. Season 7) called ''The Celebrity Apprentice''.

Cramer has made appearances on NBC's ''Today'' show, ''[[NBC Nightly News]]'', ''Live with Regis and Kelly'', [[ESPN]] Classic's ''Cheap Seats'', [[NBC]]'s ''Late Night With Conan O'Brien'', [[Comedy Central]]'s ''[[The Daily Show with Jon Stewart]]'' & ''The Colbert Report'', ''The Tonight Show with [[Jay Leno]]'', [[David Letterman|Late Show with David Letterman]], [[American Broadcasting Company|ABC]]'s ''Jimmy Kimmel Live'' and NBC's The Apprentice (U.S. Season 7) called ''The Celebrity Apprentice''.

Cramer also appears in the 2008 motion picture ''[[Iron Man]]'', spoofing Stark Industries on his show ''Mad Money''.<ref>{{cite news |author= Carlo Dellaverson  |title=Cramer In 'Iron Man'  |url=http://www.cnbc.com/id/24427046/  |publisher=CNBC}} Friday, 2 May 2008</ref> He is also expected to appear in the upcoming movie ''Wall Street 2: Money Never Sleeps''.<ref>Time Arango. [http://www.nytimes.com/2009/09/08/movies/08stone.html?bl&ex=1252555200&en=ba7f1af0b1943951&ei=5087 Oliver Stone Returns to Wall Street for a Sequal] NYTimes.com, September 7, 2009.</ref>

Cramer also appears in the 2008 motion picture ''[[Iron Man]]'', spoofing Stark Industries on his show ''Mad Money''.<ref>{{cite news |author= Carlo Dellaverson  |title=Cramer In 'Iron Man'  |url=http://www.cnbc.com/id/24427046/  |publisher=CNBC}} Friday, 2 May 2008</ref> He is also expected to appear in the upcoming movie ''Wall Street 2: Money Never Sleeps''.<ref>Time Arango. [https://www.nytimes.com/2009/09/08/movies/08stone.html?bl&ex=1252555200&en=ba7f1af0b1943951&ei=5087 Oliver Stone Returns to Wall Street for a Sequal] NYTimes.com, September 7, 2009.</ref>

==References==

==References==