'Stop Trading!': Bernanke's Integrity Intact

"Bernanke is a loved figure on Wall Street," said Jim Cramer on Wednesday's "Stop Trading!" segment on CNBC.

Responding to implications that the Federal Reserve chairman was involved in a cover-up regarding Bank of America's (BAC - commentary - Trade Now) acquisition of Merrill Lynch, Cramer called an attack on Bernanke's integrity "ridiculous" and "outrageous."

"This is a man who'd rather die than do something unethical," said Cramer. "This is just some shameful accusation by a man who'd clearly walk a mile for a camera."

"Bernanke took control of the situation when it looked like we were going to lose this country," said Cramer. "He did a remarkable job." Cramer said that he's been critical of Bernanke "for taking too long to cut rates," but he'd never criticize the Federal Reserve chairman's integrity.

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At the time of publication, Cramer was long Bank of America.

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