Changes

Cramer was born to Polish-American parents in Wyndmoor, [[Pennsylvania]], a suburb of [[Philadelphia]].<ref name=pabook/> One of his first jobs was selling ice cream at Veterans Stadium during [[Philadelphia]] Phillies games.<ref name=isb>{{cite news|title=Jim Cramer|url=http://www.internationalspeakers.com/speaker/395/jim_cramer|publisher=[http://www.internationalspeakers.com/ International Speakers Bureau]|accessdate=June 6, 2009}}</ref> Cramer went to Springfield Township High School in Montgomery County, Pennsylvania.<ref>{{cite web|url=http://www.publicschoolreview.com/school_ov/school_id/71004|title=Springfield Township High School|accessdate=June 6, 2009|publisher=publicschoolreview.com}}</ref> He graduated <i>[[magna cum laude]]</i> from [[Harvard College]] in 1977 with a [[Bachelor of Arts|B.A.]] in [[government]].<ref name=isb/>   

Cramer was born to Polish-American parents in Wyndmoor, [[Pennsylvania]], a suburb of [[Philadelphia]].<ref name=pabook/> One of his first jobs was selling ice cream at Veterans Stadium during [[Philadelphia]] Phillies games.<ref name=isb>{{cite news|title=Jim Cramer|url=http://www.internationalspeakers.com/speaker/395/jim_cramer|publisher=[http://www.internationalspeakers.com/ International Speakers Bureau]|accessdate=June 6, 2009}}</ref> Cramer went to Springfield Township High School in Montgomery County, Pennsylvania.<ref>{{cite web|url=http://www.publicschoolreview.com/school_ov/school_id/71004|title=Springfield Township High School|accessdate=June 6, 2009|publisher=publicschoolreview.com}}</ref> He graduated <i>[[magna cum laude]]</i> from [[Harvard College]] in 1977 with a [[Bachelor of Arts|B.A.]] in [[government]].<ref name=isb/>   

== Career ==

== Investing career ==

=== Investor ===

Cramer started privately investing in the stock market during his time at law school,<ref name=pabook/> using his student loans. Cramer began leaving stock picks on his answering machine, impressing ''[[The New Republic]]'' owner Martin Peretz, who gave him $500,000 to invest; Cramer earned Peretz $150,000 in two years.<ref name="bw20051031"/>  

Cramer started privately investing in the stock market during his time at law school,<ref name=pabook/> using his student loans. Cramer began leaving stock picks on his answering machine, impressing ''[[The New Republic]]'' owner Martin Peretz, who gave him $500,000 to invest; Cramer earned Peretz $150,000 in two years.<ref name="bw20051031"/>  

Cramer claimed to be worth $50 to $100 million in October 2005. He no longer owns any stocks of his own other than his stake in TheStreet.com, currently only trading for his charitable trust.<ref name="bw20051031">"[http://www.businessweek.com/magazine/content/05_44/b3957001.htm The Mad Man Of Wall Street]" ''BusinessWeek'', 31 October 2005.</ref>

Cramer claimed to be worth $50 to $100 million in October 2005. He no longer owns any stocks of his own other than his stake in TheStreet.com, currently only trading for his charitable trust.<ref name="bw20051031">"[http://www.businessweek.com/magazine/content/05_44/b3957001.htm The Mad Man Of Wall Street]" ''BusinessWeek'', 31 October 2005.</ref>

=== TheStreet.com ===

== TheStreet.com ==

In 1996 Cramer co-founded TheStreet.com with ''[[The New Republic]]'' editor Martin Peretz, one of his hedge fund's original clients. Cramer is currently a market commentator and adviser to the TheStreet.com, as well as its largest shareholder. He also manages a charitable trust stock portfolio which is tied to TheStreet.com through a subscription service called the Action Alerts ''PLUS'' Portfolio. Cramer currently works on a new project, MainStreet.com.

In 1996 Cramer co-founded TheStreet.com with ''[[The New Republic]]'' editor Martin Peretz, one of his hedge fund's original clients. Cramer is currently a market commentator and adviser to the TheStreet.com, as well as its largest shareholder. He also manages a charitable trust stock portfolio which is tied to TheStreet.com through a subscription service called the Action Alerts ''PLUS'' Portfolio. Cramer currently works on a new project, MainStreet.com.

=== Mad Money ===

== Mad Money ==

The cable television program ''Mad Money with Jim Cramer'' began on [[CNBC]] in 2005. As mentioned on CNBC's Web site in an article titled, "Mad Money Manifesto" by Jim Cramer,<ref>{{cite web

The cable television program ''Mad Money with Jim Cramer'' began on [[CNBC]] in 2005. As mentioned on CNBC's Web site in an article titled, "Mad Money Manifesto" by Jim Cramer,<ref>{{cite web

|url=http://www.cnbc.com/id/29723150  

|url=http://www.cnbc.com/id/29723150  

|title=Mad Money Manifesto  

|title=Mad Money Manifesto  

|author=Jim Cramer

|author=Jim Cramer

|publisher=CNBC}}</ref> the show's mission statement and Cramer's job is "to help regular people – shareholders at home watching the show – to better understand the market." ''Mad Money'' is about education, "this show isn’t about stock picking, as many critics think it is." The show features eight segments: The ''Lightning Round'', ''Game Plan'', ''Executive Decision '', ''Off the Charts'', ''Sell Block'', ''Sudden Death'', ''Am I Diversified'', and ''Mad Mail''.<ref>{{cite web

|publisher=CNBC}}</ref> the show's mission statement and Cramer's job is "to help regular people – shareholders at home watching the show – to better understand the market." ''Mad Money'' is about education, "this show isn’t about stock picking, as many critics think it is."<ref>[http://www.cnbc.com/id/32678502/site/14081545 This Show Is About Education], CNBC, September 3, 2009.</ref><ref>[http://www.cnbc.com/id/32678504 Moving With the Market]</ref><ref>[http://www.cnbc.com/id/32697315 3 Must-Haves Before Building Wealth]</ref> The show features eight segments: The ''Lightning Round'', ''Am I Diversified'', ''Sell Block'', ''Game Plan'' (also known as ''Speculation Friday''), ''Executive Decision '', ''Off the Charts'', ''Sudden Death'', and ''Mad Mail''.<ref>{{cite web

|url=http://www.cnbc.com/id/17283246/  

|url=http://www.cnbc.com/id/17283246/  

|title=About Mad Money  

|title=About Mad Money  

|publisher=CNBC}}</ref>

|publisher=CNBC}}</ref>

=== Other television appearances ===

=== The Lightning Round ===

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''.

The ''Lightning Round'' segment of the show is supposed to be entertaining. The segment is also about interactivity and the viewers and the stocks they think are important. Due to the nature of the ''Lightning Round'', it isn’t as well developed as the rest of the show, and it isn't about recommending individual stocks. By definition, according to Jim Cramer, the ''Lightning Round'' is recommended as sector analysis; what sectors Cramer likes, which he doesn’t, and the stocks he considers best in show from any given sector.<ref>[http://www.cnbc.com/id/32678503 Think Sectors, Not Stocks, For Lightning Round], CNBC, September 3, 2009.</ref>

 

Each week Cramer reminds all investors of the they should be asking themselves, "Am I Diversified?"<ref>[http://www.cnbc.com/id/22326993 Are You Diversified?]</ref> Viewers call in and give Cramer their top five stocks; he then reviews the portfolio and suggests how they might consider enhancing their diversification, and lets them know whether or not they're diversified. Diversification is a cardinal rule on ''Mad Money''.

 

Once a week Cramer tells viewers when to sell a stock during the Sell Block segment during ''Mad Money''. The Sell Block is devoted to two separate but related things: holding Cramer accountable, and focusing on when to sell. Just like any other ''Mad Money'' segment, Cramer said a stock that gets his sell call, it doesn’t mean viewers should empty out their holdings immediately. Most of the time, his recommendation is to slowly sell off your position in a stock.

 

The Game Plan is something Cramer does every Friday in anticipation of the week ahead, and it's entirely about short-term trades. Cramer lays out where viewers should focus their "homework" efforts during the weekend to be fully prepared for when the bell rings Monday morning. This is the only segment on ''Mad Money'' where Cramer goes into the business of short-term, catalyst-based trading. Everything else on ''Mad Money'' belongs squarely in the investing column.

Cramer also appears in the 2008 motion picture ''[[Iron Man|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 |date= Friday, 2 May 2008|accessdate=Friday, 2 May 2008}}</ref> He is also expected to appear in the upcoming movie ''Wall Street 2: Money Never Sleeps''.<ref>[http://www.nytimes.com/2009/09/08/movies/08stone.html?bl&ex=1252555200&en=ba7f1af0b1943951&ei=5087 New York Times, 7.9.2009]</ref>

Jim Cramer quote on the three segments on ''Mad Money'':

{{Cquote|Use Am I Diversified? to get a better sense of what makes a strong portfolio. Speculation Friday is there to encourage you to do homework on speculative picks, and the sell block is for guidance on selling, for the thought process and for caution – it’s not the Ten Commandments. If you want short-term trades, then the Game Plan is the one part of Mad Money that belongs to you.<ref>[http://www.cnbc.com/id/32678505 How to Springboard Off Other Segments]</ref>}}

=== Performance of stock picks and history of market calls ===

== Performance of stock picks and history of market calls ==

Cramer is a former hedge fund manager and founder/owner and Senior Partner of Cramer Berkowitz, where Jim reported a compounded "rate of return of 24% after all fees for 15 years" at Cramer Berkowitz. He retired from his hedge fund in 2001, where he finished with a self reported 36% return in 2001.<ref>[http://www.cnbc.com/id/15838187/ CNBC TV Profiles - Jim Cramer]</ref>  

Cramer is a former hedge fund manager and founder/owner and Senior Partner of Cramer Berkowitz, where Jim reported a compounded "rate of return of 24% after all fees for 15 years" at Cramer Berkowitz. He retired from his hedge fund in 2001, where he finished with a self reported 36% return in 2001.<ref>[http://www.cnbc.com/id/15838187/ CNBC TV Profiles - Jim Cramer]</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 |date= 09/19/08 |accessdate=09/19/08}}</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 |date= October 6, 2008|accessdate=Oct. 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.

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 |date= 09/19/08 |accessdate=09/19/08}}</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 |date= October 6, 2008|accessdate=Oct. 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.

==== Academic Review ====

=== Academic study ===

*A study published in the academic journal Financial Services Review was done by two [[professors]] at [[Northeastern University]], Paul Bolster and Emery Trahan, called "Investing in Mad Money: Price and Style Effects."<ref>[http://www.cnbc.com/id/30815467 Cramer Picks Outperform S&P, Russell Indexes: Study], CNBC, May 19, 2009.</ref> The study demonstrates how Jim's buy and sell recommendations have consistently outperformed the averages; it found that following Cramer's advice yielded a 12% annual return on average, compared with 7% for S&P 500 index over the same period.<ref>[http://www.npr.org/blogs/money/2009/05/cramer_not_so_mad.html?ft=1&f=93559255 "Cramer, Not So Mad?"], NPR, May 11, 2009</ref>

*A study published in the academic journal Financial Services Review was done by two [[professors]] at [[Northeastern University]], Paul Bolster and Emery Trahan, called "Investing in Mad Money: Price and Style Effects."<ref>[http://www.cba.neu.edu/documents/Investing_in_Mad_Money.pdf Investing in Mad Money: Price and Style Effects (PDF)]</ref> The study demonstrates how Jim's buy and sell recommendations have consistently outperformed the averages; it found that following Cramer's advice yielded a 12% annual return on average, compared with 7% for S&P 500 index over the same period.<ref>[http://www.cnbc.com/id/30815467 Cramer Picks Outperform S&P, Russell Indexes: Study], CNBC, May 19, 2009.</ref><ref>[http://www.npr.org/blogs/money/2009/05/cramer_not_so_mad.html?ft=1&f=93559255 "Cramer, Not So Mad?"], NPR, May 11, 2009</ref>

== Dispute with the White House ==

== Dispute with the White House ==

Cramer questioned criticism he received which he explained makes him "uncomfortable being in the crosshairs of columnists and comedians I enjoy."<ref>{{cite news |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 |publisher=MainStreet |date= 2009-09-03|accessdate=2009-09-03}}</ref><ref>[http://www.rushlimbaugh.com/home/daily/site_030909/content/01125111.guest.html Welcome to the Club, Cramer], rushlimbaugh.com, March 9, 2009.</ref> Cramer asked, "So, why after toiling in the cable wilderness for four years with ''Mad Money'' am I the target of the wrath of the Obama clan, and the darling, albeit surely momentary, of the [[Tea Party Movement|Obama-critics]]? After all, my criticism of Obama's handling of the economic crisis is a lot less pointed than my withering August 2007 'They Know Nothing' meltdown<ref>{{cite news |title=Jim Cramer's famous rant about the "know nothing" Fed. |url=http://www.cnbc.com/id/15840232?video=808465173&play=1 |publisher=NBC |date= 2007-07-29|accessdate=2007-07-29}}</ref> against [[Ben Bernanke]]<ref>{{cite news |title=Cramer: Bernanke, Wake Up |url=http://www.cnbc.com/id/15840232?video=452808336 |publisher=NBC |date= 2007-03-08|accessdate=2007-03-08}}</ref> and the previous administration's handling of the economic crisis."

Cramer questioned criticism he received which he explained makes him "uncomfortable being in the crosshairs of columnists and comedians I enjoy."<ref>{{cite news |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 |publisher=MainStreet |date= 2009-09-03|accessdate=2009-09-03}}</ref><ref>[http://www.rushlimbaugh.com/home/daily/site_030909/content/01125111.guest.html Welcome to the Club, Cramer], rushlimbaugh.com, March 9, 2009.</ref> Cramer asked, "So, why after toiling in the cable wilderness for four years with ''Mad Money'' am I the target of the wrath of the Obama clan, and the darling, albeit surely momentary, of the [[Tea Party Movement|Obama-critics]]? After all, my criticism of Obama's handling of the economic crisis is a lot less pointed than my withering August 2007 'They Know Nothing' meltdown<ref>{{cite news |title=Jim Cramer's famous rant about the "know nothing" Fed. |url=http://www.cnbc.com/id/15840232?video=808465173&play=1 |publisher=NBC |date= 2007-07-29|accessdate=2007-07-29}}</ref> against [[Ben Bernanke]]<ref>{{cite news |title=Cramer: Bernanke, Wake Up |url=http://www.cnbc.com/id/15840232?video=452808336 |publisher=NBC |date= 2007-03-08|accessdate=2007-03-08}}</ref> and the previous administration's handling of the economic crisis."

=== The Obama Accountability Index ===

=== Obama Accountability Index ===

The day after Barack Obama was sworn in, on January 21, 2009, an [[economist]] and [[television]] host of ''Mad Money'', [[Jim Cramer]], created a stock index to track the new president's progress. Cramer chose companies that operated in the very sectors that needed the most help, and he suggested their performance would tell [[Americans]] how effective Obama had been and whether or not his plans to save the economy had worked. Solely based on the performance of the [[stock market]], Cramer created the "Obama Accountability Index."<ref>[http://www.cnbc.com/id/28753120 Cramer's 'State of the Market' Address], CNBC, Jan. 21, 2009.</ref> It consisted of six stocks: Bank of America (BAC), Citigroup (C), Caterpillar (CAT), [[General Electric]] (GE), [[General Motors]] (GM) and JPMorgan chase (JPM). It’s an equal-weighted index that starts at 100, using closing prices on the day the index was created as a baseline. Cramer said, "This index will grade Obama’s success as president. If he fails, so does the stock market."<ref>[http://derekerwin.blogspot.com/2009/02/obama-lied-our-economy-died.html Obama Lied, Our Economy Died], A 1-In-100 Blogger, February 2009.</ref>  

The day after Barack Obama was sworn in, on January 21, 2009, an [[economist]] and [[television]] host of ''Mad Money'', Jim Cramer, created a stock index to track the new president's progress. Cramer chose companies that operated in the very sectors that needed the most help, and he suggested their performance would tell [[Americans]] how effective Obama had been and whether or not his plans to save the economy had worked. Solely based on the performance of the [[stock market]], Cramer created the "Obama Accountability Index."<ref>[http://www.cnbc.com/id/28753120 Cramer's 'State of the Market' Address], CNBC, Jan. 21, 2009.</ref> It consisted of six stocks: Bank of America (BAC), Citigroup (C), Caterpillar (CAT), [[General Electric]] (GE), [[General Motors]] (GM) and JPMorgan chase (JPM). It’s an equal-weighted index that starts at 100, using closing prices on the day the index was created as a baseline. Cramer said, "This index will grade Obama’s success as president. If he fails, so does the stock market."<ref>[http://derekerwin.blogspot.com/2009/02/obama-lied-our-economy-died.html Obama Lied, Our Economy Died], A 1-In-100 Blogger, February 2009.</ref>  

On February 20, 2009, Jim Cramer graded the president's ability to rejuvenate the economy, based on the ''Obama Accountability Index''. Reviewing Obama's 30-Day Report Card, Cramer said, "Well, the index is down 35% since Jan. 21, the day it was created. The S&P 500 over that same period has declined just 8%."<ref>[http://www.cnbc.com/id/29308202/ Obama's 30-Day Report Card], CNBC, Feb. 20, 2009.</ref> So Obama, at least according to Cramer’s portfolio, wasn't doing too well.

On February 20, 2009, Jim Cramer graded the president's ability to rejuvenate the economy, based on the ''Obama Accountability Index''. Reviewing Obama's 30-Day Report Card, Cramer said, "Well, the index is down 35% since Jan. 21, the day it was created. The S&P 500 over that same period has declined just 8%."<ref>[http://www.cnbc.com/id/29308202/ Obama's 30-Day Report Card], CNBC, Feb. 20, 2009.</ref> So Obama, at least according to Cramer’s portfolio, wasn't doing too well.

On the same day,<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics |url=http://www.cnbc.com/id/29601234 |publisher=CNBC |date= 2009-10-03|accessdate=2009-10-03}}</ref> 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 |date= 2009-05-03|accessdate=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 |date= 2009-07-03|accessdate=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 |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 |date= 2009-09-03|accessdate=2009-09-03}}</ref> Cramer then argued, "I called out [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 |date= 12/16/08|accessdate=12/16/08}}</ref> and Geithner<ref>[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 |date= Friday, 20 Feb 2009|accessdate=Friday, 20 Feb 2009}}</ref>] for their mistakes, where was Frank Rich praising me on that? Where was that?"<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics |url=http://www.cnbc.com/id/29601234 |publisher=CNBC |date= 2009-10-03|accessdate=2009-10-03}}</ref>

On the same day,<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics |url=http://www.cnbc.com/id/29601234 |publisher=CNBC |date= 2009-10-03|accessdate=2009-10-03}}</ref> 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 |date= 2009-05-03|accessdate=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 |date= 2009-07-03|accessdate=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 |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 |date= 2009-09-03|accessdate=2009-09-03}}</ref> Cramer then argued, "I called out [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 |date= 12/16/08|accessdate=12/16/08}}</ref> and Geithner<ref>[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 |date= Friday, 20 Feb 2009|accessdate=Friday, 20 Feb 2009}}</ref>] for their mistakes, where was Frank Rich praising me on that? Where was that?"<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics |url=http://www.cnbc.com/id/29601234 |publisher=CNBC |date= 2009-10-03|accessdate=2009-10-03}}</ref>

== Biographies ==

== Biographies ==