Jim Cramer Calls Out Mike Mayo

Analyst Mike Mayo garnered some attention this morning for his negative research on the banking industry. In today's episode Jim Cramer takes an opposite view on some of the financials and actually calls out some of Mike Mayo's poor research last year on Lehman before they went bankrupt.

It is slightly amusing for Cramer to cherry pick and go after Mayo - Hello Pot, Meet Kettle! Cramer is often a victim when it comes to stringing together a montage of damaging video clips that make his advice seem worthless but hey if you are going to dish it out you better be able to take it right?

We agree with the overall theme behind Cramer's recent rant - do your own homework and do not put too much faith in one analyst, not even the queen, Meredith Whitney who also made some comments about the financials that were probably as close to positive as she can get.