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CNBC's Cramer told viewrrs to buy Sillicon Valley Bank Just Weeks Before The Collapse
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02:12
Man Places A Bomb Under His Head Outside Brazil's Supreme Court And Blows It Up Ahead Of The G20
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02:06
California Parents Demand A Teacher Caught On Recording Telling Hispanic Students Their Parents Voted For Trump To Be White To Be Fired
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CNBC’s "Mad Money" host Jim Cramer is being shredded across social media after footage resurfaced of him urging viewers in February to invest in Silicon Valley Bank (SVB), which collapsed on Friday.
SVB had been the 16th largest bank in the United States and was connected to a number of Silicon Valley industries and startups. The closure of the bank was announced by the Federal Deposit Insurance Corporation (FDIC), making it the worst U.S. financial institution failure in nearly 15 years.
Upon the news of SVB's collapse, a clip went viral of Cramer in February speaking positively about the bank in a list of "The Biggest Winners of 2023… So Far."
