Mad Money Recap: 'Bengate' Bad for Market

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Jim Cramer told the viewers of his "Mad Money" TV show Wednesday that he's appalled at the latest charges aimed at Federal Reserve Chairman Ben Bernanke.

He called the questioning of Bernanke's integrity by Rep. Darrell Issa (R., Calif.) simply outrageous.

Cramer said even when he was most critical of Bernanke for not lowering interest rates fast enough and not stepping in to buy bonds and help the ailing credit markets, he never questioned Bernanke's integrity.

He said Bernanke should be regarded as a hero for helping to navigate the country out of what was looking like a second Great Depression.

Cramer said it would be an outrage if baseless allegations tarnish Bernanke's image and prevent him from being reappointed next January.

He said the markets today could've rallied on the heals of Oracle's (ORCL Quote) better-than-expected quarterly results had it not been for these shameful headlines.

"We need this guy," Cramer concluded.