Jim Cramer and Bear Stearns (revisited):
There has been some debate about what Cramer was extolling on March 11 (BSC stock or Bear paper?). This blog post
has a timeline and sensible analysis of what happened. Verdict: Cramer messed up and you can't trust CNBC ("Cramer was right about Bear Stearns").
The spin I heard is that Cramer was advising people not to pull their money out of the bank and that he wasn't even talking about the stock at all. Which is obviously complete and utter bullshit.