It's the economic system you believe in! If government can intervene to stabilize currency as you believe. Why don't you understand it's the little guy that gets screwed. Keynesian economics doesn't work unless the whole world plays that game.
I'm begginning to think that YouTubers are mostly from the poverty culture, they will always be poor because they think poor. How can anyone NOT be impressed by this version of Cramer and the famous rant he is refering to??? HOW!? How can you be so STUPID!!!?
The hole Market is a scam.... and rigged.. Government is involved with this sceam....overtaking big corps like GM for cheep ..... there other agenda world order, 1 curency... so if you had $10,000 savings... and they world curency goes threw it will be worth half that $5,000 another , rich pigs sceam to fill there pockets....
I got an incredible concept for you, take life by the reins, come trade oil with me in my trading room, follow my trades in real-time, make money like I do, can it get any easier than that? Take a look at my website within my profile or Google "Oil Trading Academy" and let me show you what I can do for you.
Cramer is honestly trying to teach people the game of stocks but 90% of the investing public has no place at the table and dont have a clue what they are doing. Wall st gives the illusion that one can be rich. Its a casino. Its no wonder big stocks are called, "Blue Chips," referring to casino chips. Most ceo's dont even have a clue what is going inside their companies. Your better off starting a business. Time and time again people keep getting fleeced from wall st and still dont know why,lol.
Jim Cramer goes to the edge and begins to tell the truth, That the FED knows what it is doing, now 3 years later we see how they have looted the middle class with the bailouts, enslaving us with an impossible about of debt. But he said it, now he is going to go back to just commenting on the day to day market activity. (He must have been threatened with losing his show)
regardless of what he said or what he was paid to say, the man obviously has a concience that he needs to clean and get off his chest. You can tell from this interview that he was sincere in the most and he was legitimately consider for the average american homeowner. For that, i know he can be trusted.
Shorts are hitting this stock hard, should you be shorting it too?
Sirius XM Radio Inc. symbol SIRI is trading at 0.31 this stock is going down. It could be a good idea to shot this stock. Because it will NEVER, NEVER go up again.
the stock market is an agreed upon mirage lol....yes, that's explains why warren buffett and eddie lampert and wilbur ross and citadel have all been hurt and why the major investment banks don't exist. Yeah, you keep believing in a "system" that is always out to get you.
We are at the non-sustainability point of Democracy!
Pattern that put the banking Mafia in Charge: Community Rein Act, its enhancement in 95 under Clinton; ending the 1933 Glass-Steagall Act; Sarbanes-Oxley Act of July 2002; lifting of leveraging rules; TARP; elimination of the Uptict Rules; FED now rules commodity market = electronic counterfeiting of commodities (ending of 5th Amnd constitution of title); counterfeiting of securities is the new drug!
Great call but, he should have been fired for the childish rant. Eventually, he'll be gone for all his numerous wrong calls and the subsequent lack of viewers like Kudlow. Oh, and imagine how hard an interview when you have a financial in the entity conducting it.
Ashton is right. Banks are stuck on foreclosure not refinancing. I sold my financials the day after Cramer's big rant. I have ZERO USA stocks today. He saved me big bucks! No one is a perfect predictor. But he was so RIGHT on this one.
Not one is perfect, However he is good at seeing thrends and predicting... I have follow his investment advice for a number of years and 3 out of 4 times they make me average twice my money...
People that think this guys an idiot are just posting something because they can...Argh, internets. Usually they dont know the first thing about trading, stocks or finance for that matter.
This comment has received too many negative votesshow
Raise interest rates and let the chips fall the way they were supposed too. What happened to a "free market." Cramer is one of the faces of the deception that has fueled the problem. His calls make me wonder why he was allowed to be on so long. Maybe, just maybe the investment bank CEOs wanted it this way. They get their golden umbrellas instead of handcuffs and we get the bill. Thx Cramer!
He is "Allowed" to be on for so long because his investment predictions are right on 3 out of 4 times. And because he makes people money and boy does he. Dont belive me, just do this. Next show select any of the two cheapest of the suggested stocks... Buy 100 shares of each.. wait two quaters. at least one will double, maybe both. Although taking into account our current financial situation... you might have to wait to alittle before you try.
Prophetic words? Lowering the interest rate increases liquidity, but inevitably delays the problem as the mortgage-backed securities are still worth very little. Earlier in the year, many billions were already infused into these companies, but it didn't help. Cramer has been calling a bottom ever since November - great call! Honestly, people need to do more critical thinking and research rather than randomly take a video at face value.
lowering the interest rate was so that these people with the bad mortgages could refinance and lock in a lower rate, hopefully a fixed rate, so that we wouldn't be where we are today.
@AshtonKoocher no lowering the rate to 0 was to ensure the banks have no problem gaining back capital stabilization.After all that happened you think they are for our benefit?It might help on on the issue you're saying,but the main reason for lowering the rate was so that big banks like bank of america can easily raise capital,cuz they won't have interest to pay on what they barrow from other banks.Why you think they are not lending?cuz 0% rate.You wouldn't have to pay also with rate so low.
Lehman Bros., founded 158 years ago as a cotton-trading house, was expected to file for bankruptcy protection before the U.S. financial markets open. Talks designed to sell the investment house collapsed Sunday.
No bidder would buy the company without government assistance; the Bush administration was adamant that it would not rescue Lehman as it assisted the merger of Bear Stearns into JPMorgan Chase in March and seized control of mortgage giants Fannie Mae and Freddie Mac only a week ago.
who cares and who doesn't When a car is stuck on the tracks and a train is coming the time for soft words is over... The people on the tracks in this case ..14 million homeowners, Bear Stearns, and countless other Critical Financial personel. Adults can learn from close calls.. if you and your family just managed to eek out of your car before it was train/hit you would remember. The Fed let the Train hit-didn't have to.
I'm a professional trader and can tell you right now that Cramer is an idiot and videos like this prove that. I've kept track of his performance and it's terrible! He's lost people so much money it's amazing and never talked about on the show.... He a fuck up for sure!!! Careful with your hard earned money.
Well that's one piece of anecdotal evidence....on the other hand my high school economics teacher took a lot of tips from Cramer...he invested in the stock market with 200 dollars when he started and he's around a little over half a million now. So I guess it just depends on the situation.
Prophetic words from Cramer. Looking back it's obvious the Fed was clueless until Bear was about to go down the toilet. In the clip of Cramer raging BSC is at 109.
Why people's income tax dollars cannot drive government directly involve in housing mortgage. No matter how good, no governments have confidence about all United State Citizens, you. Universal Medicare shows their attitudes.
Check Out the people in the backround! Now Thats entertainment....The Fed Is Watching!!! Cramer has got the GOLDEN TICKET! Willy WOnKA wants to promote the MEDIA! YAY!
Cramer is a selfish genius. This guy biotched like a baby to get FED to lower rates -- his famous screaming rant, remember "THEY HAVE NO IDEA".. He wanted fed to print billions more dollars, out of thin air, to rescue him and his rich friends. Then later, he claims he loves Ron Paul, who is AGAINST the fed lowering rates and printing money out of thin air.
WHo controls the money Supply? The FED. Who owns the FED? NOT the government, ITS A PRIVATE COMPANY!! And not subjec ANY accounting regulations. Watch Money Masters.
Yes, we need to find out. But be careful you idiots - you might be surprised at the harm that happens when you get in there. You might open a Pandora's box.
She is my sister, please treat her with the highest respect. I shall pray for you. May God give you the grace to understand the true beauty of women. And the chastity to treat them as they are, daughters of God and your sister. I shall also ask God that you find what you are truly seeking, to Love a women more then you love yourself. God Bless you and I hope to see you enthroned Heaven.
May you stop talking like you're from the year 30 AD, and may you stop lying about being related to really hot chicks. Other than that, thank you for your kind thoughts (I never disrespected her, I gave her a complement. She's hot.)
Your ability to explain the fundamentals behind the crashes and current is good for the average investor who does not understand the markets and are news driven decision makers
Not to mention, who knows what could have happened. Maybe cramer did slightly influence the fed. Then was it worth it for him? Im sure it would be. What if they had done something stupid and cramer hadn't spoken up... he would feel just as he is talking about here. Its better to make a point and feel stupid when nothing happen then say nothing and have all hell break loose
Speaking up never includes sounding like a tyrranical 3 year old. It's a strange fact of human nature, but even if you are trying to rush someone out of a burning building, you still have to talk like a respectable human being for them to take your advice serirously.
Youre a retard... its not like this man is a public speaker, he didnt get a degree in public speaking. He probably pretty much thought about some stuff to say and kinda wung it. Then his emotions got him caught up and he went a little nuts, at least he tried to help people as opposed to everyone else just sitting around
Ron Paul will certainly help better than any of the other cfr picked candidates..Please vote for him...Abolish the irs and repeal the private foreign owned fed..
index funds beat managed funds & stock pickets over time-INCLUDING JIM CRAMER. Jim cramer's action alert portfolio [as of 9.4.07]: 2007 YTD Return: 1.68 % , s&P: 4.71 %. since portfolio inception, hes same as S&P.. my personal index fund portfolio is beating his.. check out mad money machine podcast for stats against stock picking. index funds if properly managed reduce risk while increasing returns.
gponto18, These Harvard-trained money managers haven't been doing too well lately. It seems to me it has become quite profitable doing the opposite of what these guys do.
Love him or hate him, he is right. We are headed for the next "great depression" if the Fed does not begin the correction today. Funny how after his "childish tyrade" the Fed cut the overnight rate by .125%...expect another cut before 9/18.
actually this is the calmest i think hes ever been on camera, and maybe he feels guilt for being silent for so long and is purging it. i think hes earned it. you need to brag a bit. who are you in the world? he tried to help you. unless your spoiled already.
Help me? You are kidding, right? I was on the short side of the market, and away from the mortgage sector way before Cramer - have a look at my video. A good way to make money is to fade anything Cramer recommends, just after the initial pop. He is one of the best know pump-and-dump artists, and now he has a global reputation. I live in London and Hong Kong.
sorry man lol i was kidding i dont know anything about trading except its the only legal way to gamble in america with the exception of reservation casinos, lottery tickets and pull tabs.
I think that it is more alarming that America is running double deficits (and has been for years) and that nobody is screaming at that except maybe David M. Walker. I guess you can't scream about it if you don't see it coming off your paycheck.
Can you explain why america running a deficit is bad? Beyond "it's common sense" or "conventional wisdom". Probably not. Because it's not true. Look at the numbers and you'll see that it really doesn't matter.
Cut the Fed Funds rate Ben. This is not moral hazard, it's the reason for regulators during periods of crisis. If you wait until you have evidence of deflation, you'll end up adding too much liquidity and we'll be in worse shape then we are now. This is not about the Bernanke PUT - it's about conumer spending, expectations, a global liquidity crisis and $2.0 trillion in subprime loans languishing in mortgage warehouses.
If anything will make things worse, cutting the rate will. It may appear to solve the problem but when it costs you $15 for a gallon of milk you might change your tune.
I reel at the audacity of individuals who believe they understand the nature of monetary policy to a greater extent than a Harvard & MIT trained professor of economics at Princeton.
When you have currency that are basically IOU's for gold you are getting into trouble. When you have a government that mismanages funds and the war in Iraq, you are in trouble. ECONOMIC COLLAPSE IS COMMING WHETHER YOU LIKE IT OR NOT.
erm, so you prefer a currency that is an IOU for... another IOU? At least with gold backed currency, you can't print money willy nilly, the gold actually has to exist.
I love Jim Cramer. I do not think that he is anything but honest. He is seriously ADD though, and I think that helps him in his business.
And yes, when the market tanks, everyone pays, even if you aren't in the market. Unless you are a tenured professor somewhere. But most of us make our paycheck by being productive, and for someone to buy my product, there needs to be a good market out there. Otherwise, I go broke. Go Jim!
At least he cares enough to blow a gasket and scream that no one is listening or gives a damn about the people who are in trouble. Good for you, Cramer....scream on!
The people who are in trouble must accept responsibility for their situation, make corrections, and move on. Jim Cramer is nobody's hero. He played his own small part in creating this bubble.
THE FEDERAL RESERVE IS UNCONSTITUTIONAL! We The People should NOT allow this ANY LONGER. Anyone who willingly supports the Federal Reserve is a WILLING SLAVE. If you dont like being called a slave Too Fuckin bad, STOP BEING ONE! All political power is inherent in THE PEOPLE. WE are the ONLY ones who can change anything.
Good for him....he's one of the good guys, but unfortunately, too little too late. He's just stating the obvious at this point.
Get rid of the privately owned Federal Reserve-it's unconsitutional! Do your research and vote RonPaul2008! You may want to see these videos: Moneymasters and also Russo's America Freedom to Fascism.
Exactly. He's one of these people that tries to act as if he predicted something, once it's started - as if he knew all along. Mind you, I was telling investors in the beginning of July, to step away from the markets, if if there was one more runup. I love these guys that "speak up" as a correction starts to happen, and they had "so much foresight" and courage. Sheesh.
Hell Jim I knew you were right on as soon as you started. My signs had been indicating a drop to at least 11250 but even though Im not one of the Boyahh followers, I still have a keen respect for Jim and his suggestions. Im just an average working guy that loves investing. Go Jim!!!
Kudos to Cramer. This is a true patriot. He cares about the average guy something Wall Street has forgotten several decades ago. A recession then likely a depression is coming for those who don't understand the economics of this subprime mess. Pay off your debt!
I think you are a little late with this info. I am not in your shoes and I saw this coming in 2004. They dot commed this realistate business. Banks manipulated the system and you knew it then. Sooooooo. Speak up way sooner next time.
amazing...remember joe six pack when you need to bleed him of some taxes....diddums, those poor frightened little frat boys might lose a yacht or two...cramer is retch inducing...conscience clean from the cheerleader of financial sleaze...huckster
If you feel for the people losing homes, why didn't you fight against no docs, teaser rates, repackaging loans as CDOs so that the bankers making the loans dumped the risk on others, and Moody's giving high ratings to crap loans?
I bought your book for my son and he admires you greatly. For different reasons so do I .....now. Thank you for choosing to thine ownself be true and the outcome doesn't matter. If a man dives into the water to save a drowning person and if that person died anyway does it make that man a less hero for risking his life? again, thank you cramer
I say good for him for being true to his conscience about this - I think more people should be giving him kudos and he's probably right, he knows what's going on.
Good explanation. I agree with what he said on Friday. Financing ventures in other lands results in a recession. Last time, the margin loan caused massive losses economically, now the war in Iraq is causing the same.
first let me say FUCK ALL BUSH's and the whole cabnet they should be hung second cramer chil you get to worked up on things some things we have no control over.
The current inflated housing/market is like a boil that has to be lanced - the quicker the better. Prolonging the agony by keeping cheap money flowing just prolongs the pain of the infected boil.
keep dreaming buddy. Apparently you don't realize what the budget deficit and the outstand us loans can do in a heartbeat. Why do you think we invaded Iraq and next Iran. euros. Look it up. But we have overextended.
yeah, the dollar will collapse. But do we really need to hear more of his "newspeak"/doublespeak. NO. We know the score NY boy. You can try to influence with your recent stock picks and trying to save your buddies (if you actually have any). But it's all over 'cept for the counting buddy boy. And we'll remember you.
This guy is another one of these guys trying to make a buck. Don't believe a word he says. He has ZERO credibility in the new world. Good luck mother fucker.
Trying to make a buck??? "This guy" is filthy rich. He is a finance and market genius although a little eccemtric. That's why so many big companies come to him when they are in a bind. Kramer has self made an unbelievable amount of money. I know YouTube is based on quick comments but that was beyond ill informed. Now I must call you a turd bucket.
SHEEP....Bankers have irresponsibly given out loans on houses that people cannot pay back, so we should further enable this "drug addiction" behavior by giving them tax subsidized rate cuts. Yeah, that will fix it. Funny how Wallstreet isn't all for market forces when it cuts into their bottom line.
Jim Cramer has a demonstrable track record calling the market, and when the situation gets to the point when he feels he needs to speak his conscience, more people should listen. At the very least, I personally have greater respect for him.
I really like the guy (Cramer) although I hope his not being used as a puppet for the very rich. Nevertheless, this guy is a very likeable and knowledgeable individual.
What is very cool in the news today is the dropping of pretenses and "stepford" type behavior...finally, some media are in real life saying "I'm mad as hell and I'm not going to take it anymore!" We need to bring down the facades and get to TRUTH!
Cramer is a certified fool, incompetent and a puppet of friend on the street. He knows very little about real life, sitting in a job he is unqualified to do. His stocks calls are ofeten WRONG and it people like him, that is wrong with America. Sadly, he thinks he know more about the economy than the feds.
This is the same thing that happen under President Reagan -- but at that time that home mortgage rate went as high at 9%. People Rep's econometrics don't work. Google Black Monday
What a penis. Who does he think he is?
bootymanager 6 months ago
It's the economic system you believe in! If government can intervene to stabilize currency as you believe. Why don't you understand it's the little guy that gets screwed. Keynesian economics doesn't work unless the whole world plays that game.
imcal101 9 months ago
loooooooooool
ImperviousMason 1 year ago
Just raise the rates, for crying out loud.
BobP863 1 year ago
stop trading my ass...it's better than holding and losing your money...
siliconsurf 1 year ago
I'm begginning to think that YouTubers are mostly from the poverty culture, they will always be poor because they think poor. How can anyone NOT be impressed by this version of Cramer and the famous rant he is refering to??? HOW!? How can you be so STUPID!!!?
bfgray 1 year ago
The hole Market is a scam.... and rigged.. Government is involved with this sceam....overtaking big corps like GM for cheep ..... there other agenda world order, 1 curency... so if you had $10,000 savings... and they world curency goes threw it will be worth half that $5,000 another , rich pigs sceam to fill there pockets....
toohip4me 1 year ago
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I got an incredible concept for you, take life by the reins, come trade oil with me in my trading room, follow my trades in real-time, make money like I do, can it get any easier than that? Take a look at my website within my profile or Google "Oil Trading Academy" and let me show you what I can do for you.
OilTradingAcademy 2 years ago
Cramer is honestly trying to teach people the game of stocks but 90% of the investing public has no place at the table and dont have a clue what they are doing. Wall st gives the illusion that one can be rich. Its a casino. Its no wonder big stocks are called, "Blue Chips," referring to casino chips. Most ceo's dont even have a clue what is going inside their companies. Your better off starting a business. Time and time again people keep getting fleeced from wall st and still dont know why,lol.
30percentplusreturns 2 years ago
Jim Cramer goes to the edge and begins to tell the truth, That the FED knows what it is doing, now 3 years later we see how they have looted the middle class with the bailouts, enslaving us with an impossible about of debt. But he said it, now he is going to go back to just commenting on the day to day market activity. (He must have been threatened with losing his show)
MadProphet2009 2 years ago
This man has NO credibility.
Total loser.
nododon 2 years ago
i have more respect for dog shit as i'll never step on it! bah hahahaha
getabrainasshole 2 years ago
regardless of what he said or what he was paid to say, the man obviously has a concience that he needs to clean and get off his chest. You can tell from this interview that he was sincere in the most and he was legitimately consider for the average american homeowner. For that, i know he can be trusted.
CEO9567 2 years ago 4
FUCK YOU, CRAMER.
VenturaGirl2012 2 years ago
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Shorts are hitting this stock hard, should you be shorting it too?
Sirius XM Radio Inc. symbol SIRI is trading at 0.31 this stock is going down. It could be a good idea to shot this stock. Because it will NEVER, NEVER go up again.
Jfkennedy62 2 years ago
Cramer was screaming his ass off for the Fed to keep lowering rates -- remember? Gesus the guy was insane about it.
Now he bitches that the Fed lowered the rate and created the bubble.
The stock market was lunacey bullshit. It was an agreed upon mirage, pretend nonsense -- but it also made a lot of people rich.
But the stock market transfers wealth - not create it. For every winner, there is a loser.
12FlyMe 2 years ago 2
the stock market is an agreed upon mirage lol....yes, that's explains why warren buffett and eddie lampert and wilbur ross and citadel have all been hurt and why the major investment banks don't exist. Yeah, you keep believing in a "system" that is always out to get you.
prodigee411 2 years ago
Jim Cramer has hurt so many people, giving buy recommendations in one of the worst bear markets in history. Nice job, Jim.
prodigee411 2 years ago
Of course people lost money -- the mirage can;'t go on forever.
Dont believe me dumb ass? Talk to Alan Greenspan -- he called it "irrational exhuberance"
12FlyMe 2 years ago
Yeah - and you should go back to bed...
tummy14 2 years ago
Monday 9th, 2009 - Was jim Cramer and Erin Burnett not on good terms? Looks as they had a major disagreement and were not their friendly selves
sinfuldavy0 2 years ago
If you want to do well. just trade in the opposite direction of cramer lol. He said "Buy bank stocks" when they were crashing down.
rbonilla18 2 years ago
He is by far the most American person I have ever known!
Thank you Jim!
afc0ne 3 years ago
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We are at the non-sustainability point of Democracy!
Pattern that put the banking Mafia in Charge: Community Rein Act, its enhancement in 95 under Clinton; ending the 1933 Glass-Steagall Act; Sarbanes-Oxley Act of July 2002; lifting of leveraging rules; TARP; elimination of the Uptict Rules; FED now rules commodity market = electronic counterfeiting of commodities (ending of 5th Amnd constitution of title); counterfeiting of securities is the new drug!
sugarpuddin88 3 years ago
Who could've called this?? I think he was trying to help us, whether you think it was 'right' or wrong.
You try to predict the stock market. Unless you have insider info...Don't bother.
Yurmajestie 3 years ago
Great call but, he should have been fired for the childish rant. Eventually, he'll be gone for all his numerous wrong calls and the subsequent lack of viewers like Kudlow. Oh, and imagine how hard an interview when you have a financial in the entity conducting it.
CASTLE520 3 years ago
CASTLE520 Kudlow's only Viewer!
Rizky06 3 years ago
Admitted viewer.
CASTLE520 3 years ago
So Castle....you think that's a great call, but should be fired?? Pick one or the other dude?
How are your stocks doin these days?
I'm betting you listened.
loser....
Yurmajestie 3 years ago
Cramer was right..he nailed it
Soxxgo 3 years ago 4
Ashton is right. Banks are stuck on foreclosure not refinancing. I sold my financials the day after Cramer's big rant. I have ZERO USA stocks today. He saved me big bucks! No one is a perfect predictor. But he was so RIGHT on this one.
wearenotalone4sure 3 years ago
Not one is perfect, However he is good at seeing thrends and predicting... I have follow his investment advice for a number of years and 3 out of 4 times they make me average twice my money...
People that think this guys an idiot are just posting something because they can...Argh, internets. Usually they dont know the first thing about trading, stocks or finance for that matter.
He was on The Colbert Report... Quite calm.
..X..
Xonegod 3 years ago
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Raise interest rates and let the chips fall the way they were supposed too. What happened to a "free market." Cramer is one of the faces of the deception that has fueled the problem. His calls make me wonder why he was allowed to be on so long. Maybe, just maybe the investment bank CEOs wanted it this way. They get their golden umbrellas instead of handcuffs and we get the bill. Thx Cramer!
miagrecl 3 years ago
He is "Allowed" to be on for so long because his investment predictions are right on 3 out of 4 times. And because he makes people money and boy does he. Dont belive me, just do this. Next show select any of the two cheapest of the suggested stocks... Buy 100 shares of each.. wait two quaters. at least one will double, maybe both. Although taking into account our current financial situation... you might have to wait to alittle before you try.
..X..
Xonegod 3 years ago
This comment has received too many negative votes show
Why do people listen to this idiot?
jmmacalalag 3 years ago
Prophetic words? Lowering the interest rate increases liquidity, but inevitably delays the problem as the mortgage-backed securities are still worth very little. Earlier in the year, many billions were already infused into these companies, but it didn't help. Cramer has been calling a bottom ever since November - great call! Honestly, people need to do more critical thinking and research rather than randomly take a video at face value.
esmosis 3 years ago
So what's the right answer?
Metallic7Dust 3 years ago
lowering the interest rate was so that these people with the bad mortgages could refinance and lock in a lower rate, hopefully a fixed rate, so that we wouldn't be where we are today.
AshtonKoocher 3 years ago 6
@AshtonKoocher no lowering the rate to 0 was to ensure the banks have no problem gaining back capital stabilization.After all that happened you think they are for our benefit?It might help on on the issue you're saying,but the main reason for lowering the rate was so that big banks like bank of america can easily raise capital,cuz they won't have interest to pay on what they barrow from other banks.Why you think they are not lending?cuz 0% rate.You wouldn't have to pay also with rate so low.
sesshoumaru3st 1 year ago
"let me brake character"
He went more into it LOL
nexus2xl 3 years ago
wow more videos like this one please.
trevdogg100 3 years ago 2
Lehman Bros., founded 158 years ago as a cotton-trading house, was expected to file for bankruptcy protection before the U.S. financial markets open. Talks designed to sell the investment house collapsed Sunday.
No bidder would buy the company without government assistance; the Bush administration was adamant that it would not rescue Lehman as it assisted the merger of Bear Stearns into JPMorgan Chase in March and seized control of mortgage giants Fannie Mae and Freddie Mac only a week ago.
beancube2008 3 years ago
100% stand up... Even children can tell
who cares and who doesn't When a car is stuck on the tracks and a train is coming the time for soft words is over... The people on the tracks in this case ..14 million homeowners, Bear Stearns, and countless other Critical Financial personel. Adults can learn from close calls.. if you and your family just managed to eek out of your car before it was train/hit you would remember. The Fed let the Train hit-didn't have to.
Kudos Jim Cramer.
Closeoutracer 3 years ago 4
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I'm a professional trader and can tell you right now that Cramer is an idiot and videos like this prove that. I've kept track of his performance and it's terrible! He's lost people so much money it's amazing and never talked about on the show.... He a fuck up for sure!!! Careful with your hard earned money.
docrw 3 years ago
Well that's one piece of anecdotal evidence....on the other hand my high school economics teacher took a lot of tips from Cramer...he invested in the stock market with 200 dollars when he started and he's around a little over half a million now. So I guess it just depends on the situation.
stealthswimmer 3 years ago
I have tracked his picks and the overall performance is horrible, if you've been paying attention you would also know this.
docrw 3 years ago
well there's the problem....I haven't been paying attention
:D
stealthswimmer 3 years ago
Prophetic words from Cramer. Looking back it's obvious the Fed was clueless until Bear was about to go down the toilet. In the clip of Cramer raging BSC is at 109.
Greezbhal 3 years ago 3
Why people's income tax dollars cannot drive government directly involve in housing mortgage. No matter how good, no governments have confidence about all United State Citizens, you. Universal Medicare shows their attitudes.
beancube2008 3 years ago
Yep
branvuj86 3 years ago
WHAT A SLUT
tony1238 3 years ago 9
The guy was right on..Bear Stearns(the topic of the meltdown) will not survive now...
Microturbine 3 years ago 2
Check Out the people in the backround! Now Thats entertainment....The Fed Is Watching!!! Cramer has got the GOLDEN TICKET! Willy WOnKA wants to promote the MEDIA! YAY!
JoelOftedahl 3 years ago
you missed the point dick, there will be a crash. People inthe know know
jasonellison34 4 years ago 2
Cramer is a selfish genius. This guy biotched like a baby to get FED to lower rates -- his famous screaming rant, remember "THEY HAVE NO IDEA".. He wanted fed to print billions more dollars, out of thin air, to rescue him and his rich friends. Then later, he claims he loves Ron Paul, who is AGAINST the fed lowering rates and printing money out of thin air.
MarkDouglasC 4 years ago
WHo controls the money Supply? The FED. Who owns the FED? NOT the government, ITS A PRIVATE COMPANY!! And not subjec ANY accounting regulations. Watch Money Masters.
SuperBadBrains 4 years ago 4
I think the term is "monopoly" these boys only showed up in early 1900s..ummm JUST prior to the 1929 grab and run WOOPS! I mean "depression" sorry
where's FORT KNOX when you need it?
serfwrite 4 years ago
Yes, we need to find out. But be careful you idiots - you might be surprised at the harm that happens when you get in there. You might open a Pandora's box.
MarkDouglasC 4 years ago
If anybody did any research on how the FED works they would understand why America is in debt worth trillions.
FED charges interest on the money it lends to the government. Watch Money Masters if you want to know the hard facts.
SuperBadBrains 4 years ago
Ill pay $100 bucks a share for brittany's snatch.
shane0mac1234 4 years ago
Hilarious, me as well
rodriguezclassical 4 years ago
the ole pump and dump?!?
tony45347 3 years ago
How fucking hot is Brittany? Real hot.
HarryGobbleCock 4 years ago
She is my sister, please treat her with the highest respect. I shall pray for you. May God give you the grace to understand the true beauty of women. And the chastity to treat them as they are, daughters of God and your sister. I shall also ask God that you find what you are truly seeking, to Love a women more then you love yourself. God Bless you and I hope to see you enthroned Heaven.
ApostleofMary 4 years ago
This has been flagged as spam show
You need to get laid.
Einstiensblackid 4 years ago
May you stop talking like you're from the year 30 AD, and may you stop lying about being related to really hot chicks. Other than that, thank you for your kind thoughts (I never disrespected her, I gave her a complement. She's hot.)
HarryGobbleCock 4 years ago
She is only my sister in Christ, she is not a sister of blood. I'm sorry for any confusion. God Bless, your in my prayers.
ApostleofMary 4 years ago
Your ability to explain the fundamentals behind the crashes and current is good for the average investor who does not understand the markets and are news driven decision makers
gwengoad 4 years ago
Not to mention, who knows what could have happened. Maybe cramer did slightly influence the fed. Then was it worth it for him? Im sure it would be. What if they had done something stupid and cramer hadn't spoken up... he would feel just as he is talking about here. Its better to make a point and feel stupid when nothing happen then say nothing and have all hell break loose
shane0mac1234 4 years ago
damn brittany's hot...
prodigee411 4 years ago
Cramer, It's not what you say but how you say it.
Speaking up never includes sounding like a tyrranical 3 year old. It's a strange fact of human nature, but even if you are trying to rush someone out of a burning building, you still have to talk like a respectable human being for them to take your advice serirously.
Einstiensblackid 4 years ago
Youre a retard... its not like this man is a public speaker, he didnt get a degree in public speaking. He probably pretty much thought about some stuff to say and kinda wung it. Then his emotions got him caught up and he went a little nuts, at least he tried to help people as opposed to everyone else just sitting around
shane0mac1234 4 years ago
So I'm a retard to think that a man should never scream at a woman because he's frustrated?
Thanks for letting me know.
Einstiensblackid 4 years ago
The way he talks is EXACTLY why people watch his show.
pbcinla 4 years ago
Ron Paul will certainly help better than any of the other cfr picked candidates..Please vote for him...Abolish the irs and repeal the private foreign owned fed..
italstal07 4 years ago 4
Ron Paul is our ONLY chance for a free market folks. Please register and vote for him.
JackNeedles 4 years ago 3
This comment has received too many negative votes show
The transvestite?
Einstiensblackid 4 years ago
Hey congratulations to ron paul on a stellar vote turnout at Iowa and New Hampshire. HAH!! Wasted effort.
HarryGobbleCock 4 years ago
Cramer is either 'in on the con', or he's really f-ing stupid.
What do you think? Your not a fool are you?
eyewitness043 4 years ago 4
index funds beat managed funds & stock pickets over time-INCLUDING JIM CRAMER. Jim cramer's action alert portfolio [as of 9.4.07]: 2007 YTD Return: 1.68 % , s&P: 4.71 %. since portfolio inception, hes same as S&P.. my personal index fund portfolio is beating his.. check out mad money machine podcast for stats against stock picking. index funds if properly managed reduce risk while increasing returns.
bloodyrich 4 years ago
gponto18, These Harvard-trained money managers haven't been doing too well lately. It seems to me it has become quite profitable doing the opposite of what these guys do.
rugged74 4 years ago
Don't sell out. Keep vigilant. Continue to be honest. It was the best TV I've seen in 37 years of living.
drtyrell969 4 years ago 2
Love him or hate him, he is right. We are headed for the next "great depression" if the Fed does not begin the correction today. Funny how after his "childish tyrade" the Fed cut the overnight rate by .125%...expect another cut before 9/18.
rfbvegas 4 years ago
so you tried to close the stable door after the horse bolted. cheers jim! eveyones wrong for thinking your an idiot
lexcgold 4 years ago
What self-serving and empty BS this is. He tries to make ahero out of himself for a moment of lapsing into a childish tyrade
BubbFromGEI 4 years ago
actually this is the calmest i think hes ever been on camera, and maybe he feels guilt for being silent for so long and is purging it. i think hes earned it. you need to brag a bit. who are you in the world? he tried to help you. unless your spoiled already.
cbrnate 4 years ago
Help me? You are kidding, right? I was on the short side of the market, and away from the mortgage sector way before Cramer - have a look at my video. A good way to make money is to fade anything Cramer recommends, just after the initial pop. He is one of the best know pump-and-dump artists, and now he has a global reputation. I live in London and Hong Kong.
BubbFromGEI 4 years ago
sorry man lol i was kidding i dont know anything about trading except its the only legal way to gamble in america with the exception of reservation casinos, lottery tickets and pull tabs.
cbrnate 4 years ago
Help us?
It's him and the rest of his buddies that have been fucking you.
jizzmonger 4 years ago
LOl! But it's America, that can't happen!
JackNeedles 4 years ago
I think that it is more alarming that America is running double deficits (and has been for years) and that nobody is screaming at that except maybe David M. Walker. I guess you can't scream about it if you don't see it coming off your paycheck.
wintermidnight888 4 years ago
Can you explain why america running a deficit is bad? Beyond "it's common sense" or "conventional wisdom". Probably not. Because it's not true. Look at the numbers and you'll see that it really doesn't matter.
HarryGobbleCock 4 years ago
Why the change in heart? Prior comments by Cramer at the link at this site at /watch?v=BVl9SQ-KVmE was just the opposite. We are screwed!!
kmtobin 4 years ago
Cut the Fed Funds rate Ben. This is not moral hazard, it's the reason for regulators during periods of crisis. If you wait until you have evidence of deflation, you'll end up adding too much liquidity and we'll be in worse shape then we are now. This is not about the Bernanke PUT - it's about conumer spending, expectations, a global liquidity crisis and $2.0 trillion in subprime loans languishing in mortgage warehouses.
molmitube 4 years ago
If anything will make things worse, cutting the rate will. It may appear to solve the problem but when it costs you $15 for a gallon of milk you might change your tune.
I reel at the audacity of individuals who believe they understand the nature of monetary policy to a greater extent than a Harvard & MIT trained professor of economics at Princeton.
gponto18 4 years ago
Yeah, let them cut rates so that everyone can wrecklessly take out more loans. RIDICULOUS!!!
uhaegde 4 years ago
When you have currency that are basically IOU's for gold you are getting into trouble. When you have a government that mismanages funds and the war in Iraq, you are in trouble. ECONOMIC COLLAPSE IS COMMING WHETHER YOU LIKE IT OR NOT.
uhaegde 4 years ago
erm, so you prefer a currency that is an IOU for... another IOU? At least with gold backed currency, you can't print money willy nilly, the gold actually has to exist.
luke666808g 4 years ago 3
The Cramer Revisionist video was pulled over copyright infringement. They just didn't like how iTulip made him look like a jackass.
tyronebiggums3 4 years ago
I love Jim Cramer. I do not think that he is anything but honest. He is seriously ADD though, and I think that helps him in his business.
And yes, when the market tanks, everyone pays, even if you aren't in the market. Unless you are a tenured professor somewhere. But most of us make our paycheck by being productive, and for someone to buy my product, there needs to be a good market out there. Otherwise, I go broke. Go Jim!
hastingr 4 years ago
yeah... except for the people who had a short position, they'll actually become fabulously wealthy.
luke666808g 4 years ago
At least he cares enough to blow a gasket and scream that no one is listening or gives a damn about the people who are in trouble. Good for you, Cramer....scream on!
dinahlynne 4 years ago
The people who are in trouble must accept responsibility for their situation, make corrections, and move on. Jim Cramer is nobody's hero. He played his own small part in creating this bubble.
TYX91101 4 years ago
THE FEDERAL RESERVE IS UNCONSTITUTIONAL! We The People should NOT allow this ANY LONGER. Anyone who willingly supports the Federal Reserve is a WILLING SLAVE. If you dont like being called a slave Too Fuckin bad, STOP BEING ONE! All political power is inherent in THE PEOPLE. WE are the ONLY ones who can change anything.
porcupine07 4 years ago
You're an absolute idiot. I believe in free market capitalism, but watch how long it would take for a stock market collapse if we get rid of the Fed.
HarryGobbleCock 4 years ago
Good for him....he's one of the good guys, but unfortunately, too little too late. He's just stating the obvious at this point.
Get rid of the privately owned Federal Reserve-it's unconsitutional! Do your research and vote RonPaul2008! You may want to see these videos: Moneymasters and also Russo's America Freedom to Fascism.
pgadeb 4 years ago
There is a crack in the Dam wall and water is leaking out. So what do they do..?
Put more water in the Dam...
guslingus 4 years ago
Cramer is resting up his spleen now, before the next fit of histronics
But every time he blasts if off, DowJones drops 8%, so I guess his bloodsucker-buddies are telling him to STFU
YankeeThievesGoHome 4 years ago
The problem is with liquidity in the credit market not a currency issue with the dollar.
mert1875 4 years ago
Yes, but the injection of liquidity by the Fed will definitely weaken the dollar further down the road.
2vintage68 4 years ago
The dollar value can't be helped as long as the gov't continues deficit spending.
spiff5000 4 years ago
controlled oppositionist...?
sandwichmaker17 4 years ago
Cramer sees the problem but not the solution.
Look for a drop below 10,000 and gold to go above $1000.
club157 4 years ago
You forgot to mention Thompson. He's CFR also!
lilac8752 4 years ago
the answer is Ron Paul - drop the Fed, drop the IRS, the Federal Income Tax.. quit the overseas spending and Empire building... that's the answer.
bolognium420 4 years ago
He's only going to speak up 1 time and go back to business as usual? Wow, what courage.
Led7Zepp 4 years ago
I was thinking the same thing. What courage.
soVun 4 years ago
Check out what this man was saying about this issue one year ago:
'Teaser' Mortgages Aren't Headed for a Bust
By Jim Cramer
8/21/2006
Google the title of the article (youtube won't let me post the url). You'll be amazed at what this duplicitous gas bag was saying back then.
cindyholoman 4 years ago
Exactly. He's one of these people that tries to act as if he predicted something, once it's started - as if he knew all along. Mind you, I was telling investors in the beginning of July, to step away from the markets, if if there was one more runup. I love these guys that "speak up" as a correction starts to happen, and they had "so much foresight" and courage. Sheesh.
soVun 4 years ago
guys seems pretty honest and straightforward. also quite sharp and knowledgeable. plus umar is an uberhottie.
phosgene2 4 years ago
Hell Jim I knew you were right on as soon as you started. My signs had been indicating a drop to at least 11250 but even though Im not one of the Boyahh followers, I still have a keen respect for Jim and his suggestions. Im just an average working guy that loves investing. Go Jim!!!
JarHead0311SS 4 years ago
Kudos to Cramer. This is a true patriot. He cares about the average guy something Wall Street has forgotten several decades ago. A recession then likely a depression is coming for those who don't understand the economics of this subprime mess. Pay off your debt!
Redpill4u 4 years ago
Well I respect the honesty Jim Cramer more than the other part. Kudo's Mr Cramer... we small investors appreciate you sounding off on the truth .....
HndtoHnd 4 years ago
cramers hard as fuck
SmallTymers23 4 years ago
China to the rescue?
Who the hell else has 200 billion U.S. to bail out these careless lending practices allowed by the U.S. fed.
European central bank just released 160 Billion U.S. at 4.25% to European lenders to try and find a balance for their over extended borrowers.
brotherjupiter 4 years ago
I think you are a little late with this info. I am not in your shoes and I saw this coming in 2004. They dot commed this realistate business. Banks manipulated the system and you knew it then. Sooooooo. Speak up way sooner next time.
twistedscissor 4 years ago
look at me....im so connected! whooppee!
deasthope 4 years ago
I struggle with this, it seems we only care about the little guy when things go bad for the big guy.
pipermen22 4 years ago
You so get the point. Good comment.
eyeofmark 4 years ago
When things go bad for the big buy, he still has a roof over his head. When things go bad for the little guys, they go homeless.
Bretttido 4 years ago
Hi Jim, can you explain why Leonard The Wonder Monkey at Cramerwatch picks stocks better than you do? Thanks in advance.
snouter 4 years ago
Cramer doesn't give a shit about the average person- he's a phony. All he cares about is his hedge fund buddies.
kac56 4 years ago
amazing...remember joe six pack when you need to bleed him of some taxes....diddums, those poor frightened little frat boys might lose a yacht or two...cramer is retch inducing...conscience clean from the cheerleader of financial sleaze...huckster
great actor now.....proud....asshole
BillyBellyBlues 4 years ago
did Cramer had some sleeping pills before the interview? i like it when he is upset just like yesterday!
WE WANT THE OLD CRAMER BACK!
leepakim 4 years ago
When it all goes "down" just remember we were warned. It's always better to own five $100,000 homes than one $500,000 one.
legman247 4 years ago
GO KRAMER! GOOD MAN!
kuwiguy 4 years ago
If you feel for the people losing homes, why didn't you fight against no docs, teaser rates, repackaging loans as CDOs so that the bankers making the loans dumped the risk on others, and Moody's giving high ratings to crap loans?
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visiusKoment 4 years ago
this guy is the american dream realized... he was living out of his car, unable to shower, so broke he tried to rob a store and look at him now.
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zdorovakorovaskas 4 years ago
made some money shorting stock a week after he says buy
bilpayne 4 years ago
do the opposite of cramer and you'll do well...
kac56 4 years ago
is that how you made his kind of money?
derhawk 4 years ago
He's a crook, like most on wall st...
kac56 4 years ago
Cramer is an idiot, you can't have a conscience and work on wall street, first step is always the soulectomy.
And his eyes are wondering all over the place but I am sure good old Brittany is used to that, that is why she just lets him do all the talking.
letbushwin 4 years ago
Mr. Cramer,
I bought your book for my son and he admires you greatly. For different reasons so do I .....now. Thank you for choosing to thine ownself be true and the outcome doesn't matter. If a man dives into the water to save a drowning person and if that person died anyway does it make that man a less hero for risking his life? again, thank you cramer
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lunchNakedBer 4 years ago
this guy is a hero...the government is for the rich!
pokerbob1 4 years ago
jesus christ she's hot, nicely done cramer, keep hiring em like that :P
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roboBearoX 4 years ago
I say good for him for being true to his conscience about this - I think more people should be giving him kudos and he's probably right, he knows what's going on.
12233445566abc 4 years ago
Good explanation. I agree with what he said on Friday. Financing ventures in other lands results in a recession. Last time, the margin loan caused massive losses economically, now the war in Iraq is causing the same.
disciple4Christ 4 years ago
Thanks for the explanation Jim...My advice- change your prescription and stop hanging around wall st crooks.
kac56 4 years ago
If the stock market crashes tar and feather George Bush. It's his fault.
pongman 4 years ago
stop spammin asshole
zdwade 4 years ago
first let me say FUCK ALL BUSH's and the whole cabnet they should be hung second cramer chil you get to worked up on things some things we have no control over.
stevenhenson 4 years ago
The current inflated housing/market is like a boil that has to be lanced - the quicker the better. Prolonging the agony by keeping cheap money flowing just prolongs the pain of the infected boil.
rezbarry7 4 years ago
keep dreaming buddy. Apparently you don't realize what the budget deficit and the outstand us loans can do in a heartbeat. Why do you think we invaded Iraq and next Iran. euros. Look it up. But we have overextended.
rpaul5150 4 years ago
its good they take hits. we radical reformation of the dollar. if not, hell there are guns lol hehe..
hewlee 4 years ago
yeah, the dollar will collapse. But do we really need to hear more of his "newspeak"/doublespeak. NO. We know the score NY boy. You can try to influence with your recent stock picks and trying to save your buddies (if you actually have any). But it's all over 'cept for the counting buddy boy. And we'll remember you.
rpaul5150 4 years ago
This guy is another one of these guys trying to make a buck. Don't believe a word he says. He has ZERO credibility in the new world. Good luck mother fucker.
rpaul5150 4 years ago
Trying to make a buck??? "This guy" is filthy rich. He is a finance and market genius although a little eccemtric. That's why so many big companies come to him when they are in a bind. Kramer has self made an unbelievable amount of money. I know YouTube is based on quick comments but that was beyond ill informed. Now I must call you a turd bucket.
smallwhale1 4 years ago
Wow! Cramer doesn't look like he is under the influence in this clip!!!
MYPanicAttack 4 years ago
SHEEP....Bankers have irresponsibly given out loans on houses that people cannot pay back, so we should further enable this "drug addiction" behavior by giving them tax subsidized rate cuts. Yeah, that will fix it. Funny how Wallstreet isn't all for market forces when it cuts into their bottom line.
eyeofmark 4 years ago
Jim Cramer has a demonstrable track record calling the market, and when the situation gets to the point when he feels he needs to speak his conscience, more people should listen. At the very least, I personally have greater respect for him.
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spirtSpirit 4 years ago
cramer it's time for rehav. too much cocaine last week.
juana4molina 4 years ago
Cramer...You ROCK!!!
Thank you for saying what everyone else is too chicken to say.
mecrazy4cramer 4 years ago
I really like the guy (Cramer) although I hope his not being used as a puppet for the very rich. Nevertheless, this guy is a very likeable and knowledgeable individual.
rw92182 4 years ago
What is very cool in the news today is the dropping of pretenses and "stepford" type behavior...finally, some media are in real life saying "I'm mad as hell and I'm not going to take it anymore!" We need to bring down the facades and get to TRUTH!
mayavision2012 4 years ago
Cramer is a certified fool, incompetent and a puppet of friend on the street. He knows very little about real life, sitting in a job he is unqualified to do. His stocks calls are ofeten WRONG and it people like him, that is wrong with America. Sadly, he thinks he know more about the economy than the feds.
usa90 4 years ago
How did your portfolio do last year?
rubmop 4 years ago
+38%
usa90 4 years ago
He is OK, He gained my respect with his expose on the coming economic collapse. I still hate his use of "Sound bits" on his show though....
werebear1 4 years ago
This is the same thing that happen under President Reagan -- but at that time that home mortgage rate went as high at 9%. People Rep's econometrics don't work. Google Black Monday
pbilger 4 years ago
JC is a stand-up guy! About time somebody looked out for the little guy! JC remains must see TV!
njwsp500 4 years ago