No Comment — August 9, 2007, 6:56 am

YouTube of the Day: Cramer in Meltdown

Jim Cramer is a sort of New York financial media fixture. He’s fast talking, extremely political, a bit full of himself, and often slightly hysterical. Generally he seems to know what he’s talking about, but I’ve seen some serious players in the market label his pearls of wisdom as senseless blather. And I don’t know many people would call him a “detached observer.” Still, Cramer has a solid audience and plenty of people find him informative and entertaining.

On August 2 he was on the air at his most hysterical, concerned about a meltdown in the fringe mortgage market. He aggressively advocated a Fed bailout for the financial institutions exposed in the collapsing market.

Here’s an iTulip.com YouTube that takes Cramer’s rant and patiently dissects it, giving a different view. I have no particular dog in the hunt here—for instance, on the issue of whether the Fed should “open the window” on the discount rate–but this does strike me as a very effective use of the YouTube medium. In the last two years, YouTube has made a difference in the Internet–decidedly for the better.

Share
Single Page

More from Scott Horton:

No Comment, Six Questions June 4, 2014, 8:00 am

Uncovering the Cover Ups: Death Camp in Delta

Mark Denbeaux on the NCIS cover-up of three “suicides” at Guantánamo Bay Detention Camp

From the June 2014 issue

The Guantánamo “Suicides,” Revisited

A missing document suggests a possible CIA cover-up

No Comment March 28, 2014, 12:32 pm

Scott Horton Debates John Rizzo on Democracy Now!

On CIA secrecy, torture, and war-making powers

Get access to 164 years of
Harper’s for only $39.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

October 2014

Cassandra Among the
Creeps

= Subscribers only.
Sign in here.
Subscribe here.

“Today Is Better Than Tomorrow”

= Subscribers only.
Sign in here.
Subscribe here.

PBS Self-Destructs

= Subscribers only.
Sign in here.
Subscribe here.

The Monkey Did It

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Post
 
Rebecca Solnit on silencing women, a Marine commander returns to Iraq, the decline of PBS, and more
Article
Cassandra Among the Creeps·

= Subscribers only.
Sign in here.
Subscribe here.

On silencing women
“The old framework of feminine mendacity and murky-mindedness is still routinely trotted out, and we should learn to recognize it for what it is.”
Photograph © Sallie Dean Shatz
Post
Ending College Sexual Assault·

= Subscribers only.
Sign in here.
Subscribe here.

“This is not a fable about a young woman whose dreams were dashed by a sexual predator. Maya’s narrative is one of institutional failure at a school desperately trying to adapt.”
Photograph © AP/Josh Reynolds
Post
 
"Clothes are a bit like eating: you have to dress yourself. You have to eat, and even if you eat pizza all day long, that’s still a choice."
Photograph © G Powell
Article
“Today Is Better Than Tomorrow”·

= Subscribers only.
Sign in here.
Subscribe here.

“Iraq has every disease there is; its mind is deranged with too many voices, its organs corrupted, its limbs only long enough to tear at its own body.”
Photograph by Benjamin Busch

Amount by which the total wealth of all American households declined last year:

$11,200,000,000,000

A study concluded that commercial fish stocks may be gone by 2050 as a result of overfishing, pollution, and global climate change.

“All I saw,” said a 12-year-old neighbor of visits to the man’s house, “was just cats in little diapers.”

Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!

HARPER’S FINEST

In Praise of Idleness

By

I hope that after reading the following pages the leaders of the Y. M. C. A. will start a campaign to induce good young men to do nothing. If so, I shall not have lived in vain.

Subscribe Today