The Entire Financial Crisis In 7 Minutes: iHeartWallStreet (VIDEO)
Clusterstock points us to a new video by iHeartWallStreet, which attempts to distill the entire financial crisis in seven minutes and 15 seconds.
There are some hilarious clips of Jim Cramer in this piece, which melds together some of his worst calls of the crisis. There's one particular damning piece from TheStreet.com in which Cramer claims that, if the entire subprime loan market collapsed, the world would hardly notice. Ouch.
His words: "It has no relevance whatsoever...no one entity is going to be hurt, except for the one guy who ran Bear Stearns." Double ouch.
Watch the entire thing: