After stocks fell again because of credit concerns CNC's Jim Cramer gave an intense and passionate outburst about the market and the Fed during an interview with Erin Burnett. Cramer is calling on the Fed and Fed Chairman Ben Bernanke to lower interest rates. Here is a video clip of Cramer's outburst.
You can also see the video here on CNBC. The Big Picture has a transcript of Cramer's live rant and says it is "destined to become a classic Wall Street legend." It seems like it already has. A lot of blogs and media outlets are covering it. Seeking Alpha calls it the rant "heard around the world." Here's another take on it from TheStreet.com. See also The Mortgage Insiders, Investment Postcards, Ugly Chart, AllDay and InMan Blog.
Adding a little justification to Cramer's legendary rant the subprime problems expanded internationally and the market fell into additional trouble on Thursday.
