In August 2007 when Bear Stearns’ imploding securitized mortgage funds and the downfall of Countrywide Financial were puncturing a big crack in the housing bubble, Jim Cramer famously delivered a rant on CNBC that was heard by central bankers around the world. The jist of it was that the collapsing subprime mortgage bubble was going to take the stock […]
Jim Cramer Was Right About The Fed In 2007—They Still Know Nothing! (Part 1)