'Stop Trading!': Bernanke's Integrity Intact

Stock quotes in this article: BAC  

"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 Quote) 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.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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