By Stockpickr Staff
Posted on June 26, 2009

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According to Jim Cramer, Federal Reserve Chairman Ben Bernanke is getting a raw deal for all the hard work he has done to fix the current economic crisis. Cramer thinks the idea that Bernanke forced a merger between Bank of America (BAC) and Merrill Lynch, and covered up his actions in the process is both ridiculous and outrageous.

Cramer said his sources believe that the charges made by Rep. Darrell Issa (R., Calif.), that Bernanke made threats to fire BofA management if the bank didn’t buy Merrill are completely untrue. He isn’t happy that Congress is attacking Bernanke, because he believes that Bernanke saved us and has done a remarkable job getting the U.S. through a tough economic period. Cramer also said he isn’t concerned about the central bank’s decision to leave interest rates unchanged on Wednesday. He said the decision doesn’t make him want to sell stocks.

Recently, Cramer found opportunity in tech stocks, stocks to buy for when the selloff is over and Internet video stock plays. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog post require a RealMoney subscription).

Cramer’s End-of-Selloff Stock Picks: Cramer believes the market could repeat a similar pattern that occurred in May, where stocks had a multiday selloff that was followed by a 5% rally. On Monday’s “Mad Money” episode, he told viewers not to panic on days like today but be thankful that stocks are going on sale. Cramer’s End-of-Selloff Stock Picks include Apple (AAPL) and Huntington Bancorp (HBAN).

Cramer’s Ultimate Tech Green Light: Cramer thinks Oracle’s (ORCL) strong quarter gives the tech sector a green light. In a June 24 blog post, he wrote: “The Oracle call ended those enterprise worries, plain and simple. It made it clear that things are getting better at the corporate level.” Cramer’s Ultimate Tech Green Light includes RF Micro (RFMD) and Hewlett-Packard (HPQ).

Cramer’s Internet Video Plays: Cramer sees opportunity in playing Internet video stocks. Cramer recommended a “speculative field bet,” or a basket of stocks that could benefit from the booming Internet video trend. On last Friday’s “Mad Money” episode, he told viewers that Ciena (CIEN), which makes switches that carry video signals within a network, is one of his favorites. Cramer’s Internet Video Plays include Akamai (AKAM) and Infinera (INFN).

Cramer’s Perfect Portfolio for Your Kids: Cramer created a portfolio of five stocks that parents can use to get their kids interested in investing. On last Friday’s “Mad Money” episode, he told viewers that the best way to teach your kids about money is to open a brokerage account. Cramer’s Perfect Portfolio for Your Kids includes McDonald’s (MCD) and Disney (DIS).

Cramer’s Deadly Secondaries: Cramer thinks a number of secondary offerings seem dicey. In a June 22 blog post, he wrote: “But I think it is worth pointing out that those companies that did deals represent some of the hardest-hit merchandise out there and I don't think the hitting is over.” Cramer’s Deadly Secondaries include Capital One (COF) and Bank of America (BAC).

Cramer’s Return of the Accidental High-Yielders: Don’t look now, but the accidental high-yielders are back! In a June 23 blog post, Cramer wrote: “Nevertheless, my point is that the destructive forces were overwhelming and almost unnatural in the end. Which is why the accidental high-yielders make the most sense.” Cramer’s Return of the Accidental High-Yielders include Chevron (CVX) and Honeywell (HON).

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Honeywell, Bank of America and Hewlett-Packard for his Action Alerts PLUS charitable trust.)