Jim Cramer, Still an Idiot

Cramer back in June 2007:

Buy Bear Stearns (BSC - Cramer's Take - Stockpickr) despite all the toxic hedge fund handwringing, Jim Cramer said Friday on CNBC's "Stop Trading!" segment.

Of course, Bear closed at $142.47 the day he wrote that. JP Morgan is now gonna buy it a little cheaper - 2 bucks.

He liked Bear a week ago too.