<![CDATA[Jim Cramer Loses His $%^$ On CNBC - Consumerist Comments]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC - Consumerist Comments]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> As a mortgage broker for the past ten years (six of them in the Las Vegas market) I can say with certainty that there is more than enough blame to go around. I witnessed many brokers trying to make two points on the front with another two points paid as a yield spread premium on the back end. Four points on a $300K mortgage (that's $12K for the mathmatically challenged) for about six hours work? The real estate agents pushed, and the appraisers "found" whatever value was needed to consumate the deal. Of course, I never witnessed a gun being held to any "would-be homeowner" to compel a signature on the note. Now there is talk about a bailout? Give me a break! Many of these deals were cash-out refinances; the money is long gone, and now Joe Taxpayer is supposed to come riding in to save the day? I think not.

walter1

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Troy F.: yes, i am selectively blind. my brain can't process impossitudes.

if you don't think keeping a 10%+ roi on your 401(k) & other investments, having a safe neighborhood full of OWNERS rather than RENTERS, & not having to make up the difference in uncollected property taxes does not equal getting something in return, then i don't know what does.

all i'm trying to impress is that you're more interconnected to these peoples' fates than you prefer to admit. so when your world starts collapsing around you, should we all stand idly by b/c we were more responsible? should we have our hands out too, expecting something in return b/c you are in need?

that's just silly.

@ohnothimagain: since when do i live in east st. louis?

mac-phisto

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Man, this guy's even angrier than The Mogambo Guru.

ahwannabe

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> luckily, i made all of my money in waffles. oh, by the way, buy waffles!

mammalpants

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I don't have tv, so I never watch this guy. I first heard this on the Alex Jones show the other day. Why are people surprised when the economy is going so badly, and will probably continue to do so? Dave Ramsey is right; a fixed rate 15 year mortgage with a payment that is 25% or less of your take-home is the way to go. If it can't be done, then keep renting.

thedreamingtree

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> This guy is always screaming. Every time I flip past his show (quickly), I keep thinking that surely any day now he'll fall dead before everyone from apoplexy.

synergy

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Suddenly, I'm feeling much better about renting.

Amy Alkon

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I though economics was about no mercy?

zolielo

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> By the looks of things, that table is covered is spit.

darkblast93

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Wormfather: This property is not an investment, it's a home. I don't know the details yet but I'm getting them soon. Regardless, I know their money situation. They are the living-paycheck-to-paycheck type and their financial situation is not getting any better anytime soon. Sure they can afford $1,300 right now...but down the road there is not way they can afford anything close to $2,000...thanks.

Alexander

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> ...and you have a diverse profile

no.no.notorious

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> lol i love cramer. he's so passionate about making sure YOU will make millions in the stock market

no.no.notorious

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Huginn: I was going to say the same thing, but wasn't sure if the anti-Anchorman edict applied to the entire Gawker fiefdom or just Deadspin. ;)

drjayphd

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @mac-phisto: I've got news for you: "The old lady" successfully completed rehab, got a breast augmentation, and is dating a very nice Russian gentleman with no office but several companies that require him to travel. Her "grandson", actually a step-step-step-step-grandson whose real parents' identities are lost in the mists of time, can't mow your lawn for $5.00. The gas for the mower costs more than that. He wouldn't do it anyway--you're not a great tipper and if he cut your lawn twice a day he'd never make his monthly cell/cable/meth nut, especially now that Gran's not buying anymore. The people who called the cops were actually reporting a violation of a restraining order, one of ten in effect for the various families on your block who are convinced that their their exes are going to rape their own children when they are in their custody. People could start selling drugs on your lawn today and retire in a few short years just on the local trade. Your neighborhood is actually kind of a hellhole typical of this country, and your "local Ecuadorian prospector" is risking his ass getting anywhere near it.

ohnothimagain

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Great suggestion, Cramer! In reaction to a market panic, the Fed should panic too and immediately slash rates notwithstanding the steady-as-she-goes philosophy of the past year. What do you think that would do? Create even more reason to panic! "Even the Fed is worried!!!" A calm, rational response is the best approach. A lot of the dangerous impact will be psychological and it's best not to feed the fear.

bandit

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @mac-phisto: Are you selectively blind?

I'll try one more time...maybe bold will help:
I'm not against giving the deadbeats a handout, but I also want something in return for doing things the "right way."

Troy F.

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Troy F.: fine. you win. ATTENTION ALL DEADBEATS!! NO FREE RIDES!

man, i'm gonna miss the good old days when every house on my block had people in it. the good neighbors that called the cops that one time someone tried to break in. the old lady whose grandson used to mow my lawn for $5.

it's ok, i guess. when the bottom drops out, the local ecuadorian prospector will buy every house on the block & rent each room in the house out to 10 people at $400 per. oh, except for the one on the end. that one's gonna be a brothel catering to illegals.

the good news is, i won't have to travel as far for my drugs. they'll probably come to me...hell, they'll probably be dealing it on my front lawn!

how do you say "stay off the grass" in spanish?

mac-phisto

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Oops, that should have read "don't care for his advice."

hoo_foot

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Last Halloween, I flipped past this trainwreck of a show and couldn't take my eyes off it. He was dressed as a girl scout, and somehow, he managed to cut his hand during his show. So there was a screaming Jim Cramer in a dress and blond wig with blood running down his arm.

I care for his financial advice, but he's a brilliant entertainer.

hoo_foot

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> For those who worry that the bad loans will affect all of us, I say it will hurt the borrower more for being irrational and greedy. Practice a little tough love people! (-:

doodaddy

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @mac-phisto: Not good enough. Give the deadbeats a handout, give me a handout. At least they are still turning a profit on my account. They owe me.

Troy F.

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Troy F.: the bone is that you won't have a section 8 housing complex built in your culdesac.

so the question is, would you rather have deadbeats in homes that they own, or deadbeats in apartments that the government pays for?

your call.

mac-phisto

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> My wife and I had been talking about looking for a new house about a year ago. Our house is a little under 1000 sq ft, and we wanted to look for something bigger. After much thought, we decided that it really isn't that small when we looked at home prices in our area. Now we are putting money into our house to spruce it up since we decided to stay here for awhile. Thank the gods we decided that $200.00 worth of paint and $500.00 of laminate flooring was what we really needed, not a bigger house.

nursetim

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> why don't you buy their foreclosed home and then rent it back to them? it can be your good deed for the day.

camas22

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @mac-phisto: I'm not dead-set against finding a way to keep the deadbeats from going into foreclosure, I just think if we're going to give the deadbeats a handout for being deadbeats, we should throw a bone to those of us who weren't morons.

Troy F.

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I half expected him to yell LOUD NOISES

He's passionate, no one will deny that.

He knows his stuff. And he speaks to too many people.

A bit insane? hell yeah. But he's right, Ben Bernanke is no Greenspan, he is a bit out of touch of what to do.

huginn

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> So what if the housing market is teetering on a huge "correction". Joe Homeowner shouldn't be messing around with ARM's or exotic home loans. Whatever happened to traditional fixed rate mortgages with a normal time span? ("normal time span" = none of this 30 / 50 / 100 year stupidity)

If property prices fall, that'll put property in reach of more people, right? (people who presumably will hopefully finance the purchase using more safe & sane loans)

MalcoveMagnesia

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Troy F.: well, it's that or you're going to have a lot of vacant houses on your block.

funny thing about vacant houses...crackheads just love 'em!

mac-phisto

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @pinkbunnyslippers:

There's nothing wrong with an 80/20 on a 5-year ARM in that situation.

Interest only loans, ARMs, and all of the other loan products that are taking the blame for foreclosures aren't the problem. They've got their uses. I've used them, and they saved me money versus a traditional fixed rate mortgage in the same situation.

The problem is/was that those products were being misused. The housing bubble took prices to a point where qualified buyers were becoming scarce, so the lenders decided to scrape the bottom of the barrel to keep things going a little while longer.

Caswell

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> A friend of mine is just about to buy a house with only 10% down, a home-equity loan to cover another 10%, and an interest-only loan for the remainder. When you have to go through hoops like that to buy a house, shouldn't that tell him that he can't afford it? He won't listen to me.

Edge101

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @pinkbunnyslippers:

Haha! Thanks for that. :D

mopar_man

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @zentec: or they'll say, "yeah, we f-ed up big time & we're closing shop."

of course that's only happened to, what a few dozen companies. none of those big prime lenders though!

riiiiiight.

mac-phisto

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I don't really see the harm in getting an 80/20 loan with a 5-yr arm if you have no intentions on staying in the place for more than 5 years, and if you live in an area where rental costs increase by more than 10% each year. That's how it is in DC, and where a single gal like me is hard pressed to find even a condo for under $300k, an 80/20 arm is the only way I can afford to buy a house.

"But why don't you just keep renting?" you might ask? well when my rent is $1400/month, and I could have a mortgage for $1800/month, which would you choose?

This all comes down to personal responsibility, and some people's numbers might say they're more than capable at handling a mortgage, and they're absolutely unable to. For others, it's vice versa. There are a ton of different mortgage products out there because there are a ton of different people with different scenarios and situations - so don't make blanket statements like "ARMS are stupid" -- because for some of us, they just aren't!

pinkbunnyslippers

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Troy F.:

You're preaching to the choir. We're all going to pay for this while the real culprits sit back and enjoy the easy life.

zentec

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Well, the show's name is "Mad Money." The host fits.

STrRedWolf

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Up next on CNBC, "Bellowing Moron Picks Stocks".

"I know people!!!!!!"

Idiot.

elf6c

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> LOL...he's really pissed since he's losing a gazillion on it.

ARPRINCE

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I am not a huge fan of Mr. Cramer. However, those who are castigating him need to ignore the messenger's histrionic boisterousness and listen to the message. Those who are "in the know" will silently agree with what he has said. He, thus far, is the only pundit with the courage to tell the truth in such an open and blunt manner.

His outrage is justified. You and I should also be outraged. With the silent hypermonetization that "The Fed" has been embarking on,combined with high unemployment, the cost of oil and food on the rise and the contraction of available credit are putting a strain on the economy.

There are many other factors involved, but the point is; the economy is on the brink of collapse and those who can act are not acting, not acting swift enough or are not taking the correct action. It is ultimately the consumer and the "little guy" who will pay dearly. WAKE UP!!!

tiki187

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Phildawg:

So you want the government to support an artificial, non-sustainable market? I'm sorry your house is dropping in value. You're right, I'm still renting. But that's because I've realized for the past few years that the market was out of control with cheap money, and now things are going to work back out in my favor. Renting isn't the worst thing in the world, especially when real estate values are dropping.

hwyengr

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Troy F.:

Are you out of your mind, you my friend have to bear the brunt of other's stupidity, otherwise, in 5 years when my fiance and I decide to buy a home it'll be hard for us to get a loan on a house that being forclosed on because they couldnt even pay their $600 a month payment.

Wormfather

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @alexander:

How long do they plan on keeping the house?

How often is the interest rate adjusted?

See because right now is the time to get an adjustable loan, because we're at the apex of the interest rates, they can get and adjustable now and then in 18 months switch to a fixed rate.

But if the loan has a negative annuity I'd stay away, they'd need to put enough equity into the house to take care of the down payment before refinancing could be an option.

All and all, brokers are creeps that look out for them selves, agents just want to close deals, if your parents dont have an accountant that's looking out for them, they're screwed, in the real estate buisness collusioin between those three entities happens way to often.

Wormfather

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @zentec:

The likely scenario is that at some point, the bank will walk up to those about to be foreclosed and say "what will it take for you to keep the house?" "Oh, you need a monthly payment of $600 per month?" "Done."

And *THAT* is what really pisses me off. Once the results of the collective stupidity hits critical mass, the people who did the WRONG thing will be rewarded while those of us who did the right thing will get to absorb the damage. I am tempted to call my lender up and say "HEY! I bought within my means - maybe you should reward me instead of some deadbeat." $20k off my principle might placate me.

Troy F.

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @DashTheHand: Risky Business!!
Gawd I miss that show. Thank bejezus for DVDs.

ingridc

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> i wouldn't even know what to say to someone who is under the impression that an arm, 80/20, etc is a good idea.

BillyMumphry

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> He has a point. Here you have average joe wanting to buy his first house, but he can't quite afford the traditional 30 year fixed. So the real estate agent says "no problem, I'll have my mortgage guy talk to you and see what he can do." Next thing you know there's a slick lender talking him into a teaser rate without really letting on what he'll be getting into, all he shows are how low the payments will be. I know so many people that had that same experience and weren't told what those subprime loans are really like, and that once the introductory period ran out, their payments could easily double. Yeah, Cramer may not really be concerned with the consumer losing their home, but if it takes executives being selfish to get rates cut and people out of foreclosure, I think it's worth it.

chrispiss

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I need help! My mom and step dad are about to sign one of this variable rate loans and they refuse to listen to me. They are sold on the fact that their mortgage right now will be low and that "they'll be making more money in a few years anyway". What can I do to convince that if they can't qualify for a straight up 30 year fixed rate loan that they shouldn't be following their real state agent's advice? This is a disaster waiting to happen for them and there seems to be nothing I can do or say to convince them otherwise.

Alexander

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Phildawg:

There won't be thousands of foreclosures. Either the mortgage holders will rewrite the terms of the existing mortgage or the foreclosure department at the bank will become so overburdened that they can't possibly manage to take on any more foreclosures.

The likely scenario is that at some point, the bank will walk up to those about to be foreclosed and say "what will it take for you to keep the house?" "Oh, you need a monthly payment of $600 per month?" "Done."

zentec

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> WOW! How did he not swear? Most people (especially former hedge fund guys with a short temper) would not be able to do all this without swearing. Unless, of course, he planned the whole thing. I answered my own question.

That said, I think he's a little out of line, saying that loans are impossible to get. I got one yesterday.

notallcompaniesarebad

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I generally feel bad for folks who are stuck with an exotic loan that is about to reset or bought way too much house for their income. I feel bad for these folks the same way I feel bad for folks drowning in credit card debt. Yes its sad and yes the industry (mort. brokers, real estate agents, banks, credit card companies) do share some of the blame (steering folks who qualify for normal loans to exotic loans, approving folks for way more mort. money than they should, hiding the terms in the fine print, etc., etc., etc.) most of these folks have no one to blame but themselves. If you are buying a house where your mort. + insurance + taxes is more than a 1/3 or so of your income its going to be hard to stay on top, why are you signing up for a 0% interest loan and not building equity, why are you not saving for a down payment so you can avoid PMI, etc. Buying real estate is not complicated and there are pleanty of tools that will help you figure out a good monthly payment/cost of house for your financial situation. If you don't understand the terms of financial docs that you are signing that's your own damn fault, hire an accountant or an attorney for an hour and get some objective guidance. The folks investing in real estate (I'm one of them) get no sympathy at all, real estate investments have risk and you've got to understand that. If you can't afford to cover your real estate investment mortgage(s), insurance, taxes for a few months and you don't have a financial partner to help you out you shouldn't be investing in real estate.

SadSam

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I'm tired of shows with CRAZY GUYS doing CRAZY THINGS! "LOOK AT ME!!! I'M CRRRRAAAZZZY! WATCH ME DO CRAAAAZY STUFF! I'M ON TV!!! BEIN' CRAAAAZY!" blah.

overbysara

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I just wanted to add that in my house market currently with foreclosures in the area. Houses are currently moving at about 80-85% of their appraised value. Friend just recently sold her 398k home for 329k and that was considered a good move as they are expecting further competition from ARM foreclosures. Maybe those who don't grasp this are still living with their mommies or renting from a landlord?

Phildawg

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @bohemian:

I'm sorry, but my 401k is making 10-15% increases in earnings every quarter. Has been for the past 3 years.

Jaysyn was banned for: http://consumerist.com/5032912/the-subprime-meltdown-will-be-nothing-compared-to-the-prime-meltdown#c7042646

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I think Cramer is a passionate guy and I think it's sad that people will act like this is something about personal responsibility. We are talking about 7 million households on the verge of collapse. In case you didn't realize, there's only about 120 million households in the US. That's about 6% of our household population. This isn't a few people, this is going to be a nightmare and ALL of your own property values will sink. What will you do when you try to sell your home to find that 1/3 the market only wants a 'new home' and the existing homes are competiting with 1000s of foreclosure's in area? It will further drive down 'true' property value and you will being to realize your equity isn't quite what you thought it was when you are selling your house for 25-35% less it's appraised and taxed value.

Phildawg

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Cramer is all about free markets with the freedom to succeed or fail as the market dictates--until it comes to the free market deciding whether lending institutions should fail for reckless giving mortgages for over priced homes to people who are overextended. Then he suddenly wants government subsidies.

iTulip made a little pop up version of the Cramer meltdown:
[www.youtube.com]

Skeptic

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Cramer is a screamer. Ok that came out a little dittier than I initially intended.

I think it is in part because he is a hero to my 72 year old Dad and all of his stock obsessed, hearing-aid needing friends.

KristinaBeana

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @bohemian:

It happens, that's why you invest wisely and for the long haul. These things bounce around.

The economy was riding on the unbridled enthusiasm of the housing boom, and the market was at the tip of the wave. Now, it's time to pay the bills.

zentec

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I don't think he is far off the mark. As far as individual picks go the man lost his touch decades ago but he still seems to be connected to the overall market trends.

He may well be getting calls from banking investors who need to say very nice things in public so people don't panic. They are telling him the reality of the situation in private.

If you have investments you may want to heed his advice and move some money off shore, or where ever it needs to go.

Techguy1138

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> OH MY GOD!!! STEVE BALLMER HAS KILLED AND GUTTED JIM CRAMER AND IS WEARING HIS SKIN AS A DISGUISE!!!


"The only safe place to invest nowadays is in developers, developers, developers, developers..."

HeyThereKiller

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Hossofcourse: "Cramer is a moron -- has always been a moron."

In a nutshell, AMEN!

Markets go up and down all the time. That moron should NEVER be placed in front of a microphone or camera. May his career rest in peace! (along with CNBC)

OnceWasCool

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Wow, I was waiting for him to jump out a window as the finale.

This garbage is starting to hurt everyone. Our 401k lost about six months worth of earnings in the last month. None of our mutual funds are directly tied to the real estate market, we dumped those long ago.

The fed really needs to do something because the problems are starting to spread.

Oh, and I resisted being talked into a bad mortgage pushed at me by various real estate agents and mortgage brokers.

bohemian

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> the ending is the real kicker. She shoulda asked him if a lollipop would make him feel better

discounteggroll

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> I'm not generally a fan of Cramer, but I think he knows what he is talking about here. And he's expressing it in a pretty funny manner!

KelbornCmd

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @Wormfather:

That's the real deal here. The interest rates have to come down a bit to relieve some pressure. If the housing market collapses, everybody will hurt.

Televiper

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> "I'm losing my poorly invested money!! They know nothing!!"

Am I the only one who had a great urge to punch him in the face?

Darkest Daze

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> @forever_knight: I saw that clip too, she was a moron, but then again, so is my mom, she almost signed up for a mortgage like that and I almost slapped her.

I love the advise they gave about taking out a reverse mortgage. You know where the bank pays you based on how much you're already put into the house.

Yeah, but what happens when you've got no more equity left? Forgot to mention that, eh?

Wormfather

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Dolt or not, he's right about this one. Inflation is well checked, the Euro, BP and Yen arnt stronger than the dollar because of inflation, but rather becuase of their stronger economies right now.

The bond market is going down everyday, intrest rates arnt creeping anymore they're soaring, this is no longer about people who shouldnt have never been given a loan in the first place, now people with great credit are being forclosed on.

People like to think that what happens on Wall Street only effect weathly greedy people but it really effects all of us.

The fed needs to at the very least hold rates where they are, but he should probably drop them a quarter of a point before it's too late.

Wormfather

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> The only amusement I got out of this guy were the brief cameo's on Arrested Development.

DashTheHand

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> how about personal responsibility? saw this clip on Today show and a story about some idiots that bought a house with an adjustable rate mortgage. the consumers had the gall to spout "but but it's not my fault--the real estate broker---the banker---etc! they tricked me! i want my equity!" disgusting.

forever_knight

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Doesn't Jim Cramer lose his $#!+ on a regular basis? That's the impression I got from the few times I've stopped on his show.

Is that lady being paid enough to be screamed at like that? I doubt it.

Rectilinear Propagation

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Cramer is a moron -- has always been a moron. His advice in the tech bubble was hugely misguided and uninformed. Buy CMGI!!! BUY BUY BUY!!! CMGI will never go down!!!!!! Right. Glad most of us didn't listen.

Hoss

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> "I HAVE PEOPLE SKILLS. I AM GOOD AT DEALING WITH PEOPLE! WHAT THE HELL IS WRONG WITH YOU PEOPLE?"

pinkbunnyslippers

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> Ah, we need to bail out the distressed mortgage holders so the rich people at Bear-Sterns don't lose their shirts. At least that's the message I was getting.

zentec

]]> <![CDATA[Jim Cramer Loses His $%^$ On CNBC]]> might as well have been screaming -
"I know people in the industry!!"
"My ratings are declining and I need attention!!"
"I drive a Dodge Status!!"

MENDOZA!!!!!

]]>