Interst Rates
Jim Cramer Pleads for Lower Rates
Posted August 4th, 2007 by manystromThanks to the stranger for pointing this video out at the Cryptogon. Cramer is absolutely insane, practically crying, pleading with Bernanke to lower rates.
"This is about Bernanke...Bernanke needs to open the discount window - that's how bad things are out there...Alan Greenspan told everyone to take a teaser rate and then raised the rate 17 times! And Bernanke is being an academic. This is no time to be an academic! It is time to get on the Bear Stearns conference call...LISTEN...open the darn Fed window. He has NO IDEA HOW BAD IT IS OUT THERE. NO IDEA! ...
And it gets better from there. Watch:
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