Cramer: 'I’ve Had a Lot of Death Threats'

April 3rd, 2008 4:05 PM

Coming off his April 2 interview with Democratic presidential hopeful Sen. Hillary Clinton (D-N.Y.) on his show "Mad Money," CNBC's Jim Cramer told "Squawk Box" his job entails some hazards.

"You know, look, obviously I've had a lot of death threats," Cramer said on CNBC's April 3 "Squawk Box." "They're actual death threats. And, you go to the state police and the state police go to the local police and the local police call the guy and that's what you have to do, or you bring suit against them. I've had to do a lot of that."

Cramer emphasized his active response to anyone who threatened his life.

"You know, the death threats are not cool," Cramer said. "You know, anybody with a death threat, I go after them with everything I have."

Cramer blamed that irrational response on how people react to his stock criticisms.

Cramer was much criticized by another stock commentary recently. Just days prior to the Bear Stearns (NYSE:BSC) takeover by JPMorgan Chase (NYSE:JPM), Cramer told his March 11 "Mad Money" audience Bear Stearns was fine and not to move your money from the investment bank. On the news of the takeover on March 17 the JPMorgan was getting Bear Stearns for $2 a share, the stock plummeted over 80 percent at the open of the exchange floor. Cramer clarified his statement to say he mean the bank itself, not its common stock.