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:

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Comments

[senorlou]

01:34 AM on 10/21/2009

Cramer's reactions were hysterical. This was a well put together piece, but I wish there had been no music. What the people were saying was more interesting than the music IMO. The music is good, but I'd give almost anything to hear Cramer's freakout loud and clear. I didn't know he flipped out that bad. Hysterical! If the man had a conscience, he'd have cracked up a long time ago.

[FellowTraveler]

12:26 AM on 10/20/2009

I only made it about 15 seconds before I realized that I clearly don't think silly noises are as funny as the makers of this video think they are.

[washlib]

02:14 PM on 10/19/2009

why isnt cramer in jail yet for insider trading, money laundering and market manipulation?

[ClarcKing]

12:51 PM on 10/19/2009

It is a shame and disgrace that we do not have one citizen, who can communicate, with passion and vigor the population's suffering in this debacle and ongoing accelerating collapse of the United States' economy.
Instead we get Mr. Cramer who has the forum and ability to heroically defend the usurious, speculative, unsustainable, murderous, international monetary financier system. Mr. Cramer heroically defends the looting of the United States' financial resources, with no contracts, duties, responsibilities, etc. to the American people. Like a conquered nation the citizenry/population will pay the debt.
The global monetary system is a killer of populations. It can not be fixed.

Stop the bailouts, get the bailout trillions back, reconfigure the stimulus package. Put the Fed into bankruptcy protection, banks that qualify will join the U.S. National Bank under re-enacted Glass-Steagall standards. Credits and currency will be issued into the population's physical economy; with the executive of creating, improving, and expanding the necessary facilities that enhance human life/our standard of living. Healthcare can be achieved simply by expanding Social Security and Medicaid, re-enacting the Hill-Burton Act, the general hospital system with the single payer feature. Get our soldiers home, Afghanistan is a trap, designed to bankrupt the United States.

Only the United States can confront the International Monetary Financier Power; can lead and cooperate with other nations in reorganizing the world financial/economic system.

[trintod]

12:36 PM on 10/19/2009

We need less sensationalism and more reporting about the problems real people face on a day by day basis. There's a lot of angry & scared people who have lost jobs, house, and sanity.

good articles; http://ow.ly/dmzm

Need more change from Obama

[mamacat]

06:18 AM on 10/19/2009

Jim Cramer has been a big part of the problem, so not so sure how far I want to trust him to tell me what the other causes of the crisis have been.

[Carolab]

04:10 AM on 10/19/2009

IT WAS THE DERIVATIVES!

[bflaska]

10:51 PM on 10/18/2009

Now that billions of dollars in uncashed war bonds have been found rotting into something that can't even be used as fish wrapping ...

http://news.yahoo.com/s/ap/20091018/ap_on_re_us/us_unclaimed_bonds

and the US Treasury is trying to wrestle this money away from the states who say it's theirs ....

Well, I hope the US Treasury doesn't get its paws on it. Then some creature like Henry Paulson would likely come along and give it all to his friends and former employer.

Spread it around ... give it to the states. The states can use it to fill in some widening gaps in human services, much needed now thanks to the Wizards of Wall Street and the thieving Paulson types.

[Hufffan]

03:05 PM on 10/18/2009

This video is incoherent.

But so is Jim Cramer so I guess that's the point.

[Lori Bowles]

02:40 PM on 10/18/2009

Can someone please explain
1. why this guy is still on the air
2. why there hasn't been big a tax increase to the top 1% including the corporations.
3. What is going on with those swiss accounts, they have stopped reporting on them. (or is that the chamber of commerce fiasco)

[desertman]

06:23 PM on 10/18/2009

1- He gets high ratings.
2- Because they will pass the tax increases onto you in the form of higher product cost.
3- There's presently an amnesty scheme in place for those who repatriate their assets.

[mamacat]

06:30 AM on 10/19/2009

1.) Why is he still on the air?
Well, why is Fox News still on the air?
They both appeal to a minority, but that minority is large enough to make these shows big money makers, regardless of how out of touch with reality they are.

2.) The monied interests have learned that they can make themselves obscenely wealthy by using a relatively small amount of money to buy control of the government. From Prop.13 in California, to Bush's huge tax cuts for the top 2%, the rich have been getting richer by buying the government.

3.) The Dems got the Swiss to agree to start reporting on some of the secret bank accounts. Right now there is a period of voluntary surrender, but after that the U.S. government will be entitled to pursue the rich Americans who hid their money in Switzerland.

[Lori Bowles]

07:40 PM on 10/19/2009

Thank you mamacat
I really hope that they induce a flat tax on them that is huge, but I guess I shouldn't hold my breath.

[condor101]

02:15 PM on 10/18/2009

Cramer should'nt have any platform to spread his lies. He decieved viewers onon many stocks for years on CNBC. He has no credibility and CNBC has no credibility for allowing him to broadcast mis-information.

[desertman]

06:30 PM on 10/18/2009

You need to do your own research. That's always been true. Listening to some guy with a mass audience while entertaining may not provide you with much useful information.

[ntmessage]

02:10 PM on 10/18/2009

Well in today’s’ Mad Media world of investing we have a great choice on who to listen to. Someone who has been barred from the securities industry for life, someone who used to park cars not too long ago or someone who is spot on (i.e. like a .500 batter in baseball) that the media and industry insiders do not like because he actually ran money for years more successfully than 99.9% of the wall street insiders and now has ratings better than 99.9% of all of the business media. Sounds like a lot of enemies for the one that gets it right.

[senorlou]

02:10 PM on 10/18/2009

Brilliant. The music is twice as loud as the talking in this video.

[Scott Bell]

03:01 PM on 10/18/2009

You understand what I was going for. Thank you. Thanks for sharing and being social too.

Signed,
The Director of this Video

You can see my other creative efforts here:
http://www.youtube.com/GDPwealth#p/p

Today: I am an entertainer | This is not a solicitation to buy/sell anything.

Change the face of Wall Street with Me.

[abbyrose86]

03:45 PM on 10/18/2009

I liked it. Thanks for making it.

[olddognewtrick]

01:45 PM on 10/18/2009

No more talking heads...It's all shouting heads now.

[ntmessage]

01:44 PM on 10/18/2009

Wow. Did you also find out that Cramer's macro calls told people to get out and back in the markets at around the right times? This would have doubled your money as opposed to losing 40%. Plus he told people the real estate would crash as well. In advance. Sure, you can pick on some specific calls, but when there is fraud involved and people are just cooking the books that makes specific calls a hard thing to pin on one guy. On the other hand, there are bloggers out there today that actually pumped Telco stocks in the dot bomb bubble that they KNEW were worthless. I think I will make my own decisions and use Cramer as someone who is more right than wrong and has specific experience plus a record over time surpassing other managers for years and years. I would listen to someone who ran money over a self promoting reporter or shill for the industry any time.