'Stop Trading!': Bernanke's Integrity Intact
TheStreet.com Staff
06/24/09 - 03:10 PM EDT
"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) 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.