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And He's Not Going to Take It Anymore

'Mad Money' madman Cramer snaps, beseeches Bernanke to cut rates

By Sam Gale Rosen, Newser Staff

Posted Aug 7, 2007 10:45 AM CDT

(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.

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Jim Cramer - Cut Rates (trphunk (YouTube))

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And He's Not Going to Take It Anymore