Bernanke Besmirched

Furious. Livid. What an outrageous charge.

Did Rep. Darrell Issa (R., Calif.) have any idea what can happen to business when he makes such charges, charges that every one of my sources believes to be totally untrue? This is what passes as the right thing to do? This is the Federal Reserve for heaven's sake.

You can't just accuse a Fed chairman of a shakedown. You don't just go on TV and make a charge. Does he have any idea about how hard Ben Bernanke has worked? And he throws a bomb on this?

Heck, you want to look into something, look into how wrong everyone was about Lehman and how the law would have let them save it without a problem. Look into the TARP bait and switch. Look into how AIG (AIG - commentary - Trade Now) turned into what looks to be a criminal enterprise.

But to look into Bernanke allegedly pressuring a CEO into doing something he wanted to do -- buy Merrill Lynch?

A totally outrageous charge.

I am sick to my stomach about this, just sick about it. We should all be sick about this. How can Bernanke clear his name now? What can he do? How can this be turned back?

I can't think of a way.

When I first heard the charge, I thought it laughable given the circumstances.

Now I want to cry.

The one guy -- the one guy who has saved us.

Thanks Darrell; thanks for nothing.

At the time of publication, Cramer had no positions in the stocks mentioned.

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