Federal Reserve Chairman Ben Bernanke and Treasury Secretary Tim Geithner handled the government's stress tests masterfully, Jim Cramer said on CNBC's "Stop Trading!" segment Friday.

"The bears are overmatched by both Bernanke and Geithner," he said. "They're not getting it. They're not getting what they did. It was so brilliant."

The stress tests said banks will have to put up more capital, which means the tests have been serious, but then the government won't actually force the institutions to do anything. Essentially, it's a delay that gives the banks more time, Cramer said.

"This whole exercise is about saying to the bears, 'hey listen pals, you said we were going to be lenient, everybody needs more capital,' and then doing nothing," he said.

However, it also likely means that Goldman Sachs ( GS) and JPMorgan Chase ( JPM), for instance, won't be able to return TARP funds yet, Cramer said.
At the time of publication, Cramer was long Goldman Sachs and JPMorgan Chase.

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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