A reader writes:
Cramer is RIGHT. The caller had an ACCOUNT at Bear Stearns. His question was, “should I take my money out?” Cramer’s answer was: “don’t be silly.” There’s no reason to do that. And Cramer was right about that. The caller doesn’t go down with BSC, if it goes bankrupt. He still owns what he owns. He would just have to move his portfolio over to Fidelity. Now, his portfolio is with JPMorganChase.
Cramer was NOT advising him to stay in BSC stock.