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August 29, 2008 11:05:43 PM CDT

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And He's Not Going to Take It Anymore

Posted Aug 7, 07 10:45 AM CDT in US,  Business 

(Newser) – In YouTube's most watched video today, CNBC's Jim Cramer blasts Fed chairman Ben Bernanke for signaling that he won't cut interest rates, calling the present stay-the-course market situation "Armageddon." As his dumbfounded interlocutor looks on, the "Mad Money" host pounds the table and thunders that the "Fed is asleep!"

Bloggers are speculating that the animated analyst may have finally snapped, while others think it's an appropriate reaction to a Wall Street oblivious to its own imminent downturn. Cramer is evidently beset by the pressures of moving a market he thinks is heading in the wrong direction—he closes his segment by muttering, "I wish I didn't know anyone," and snatching his papers off the table in frustration.

Source Gawker

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Jim Cramer - Cut Rates   (trphunk (YouTube))
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US economy  • Federal Reserve  • Ben Bernanke  • money  • interest rate  • news  • reporter  • anger  • Jim Cramer


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