There was a battle on CNBC early this morning, Simon Hobbes versus Jim Cramer. It all started when Cramer said there could be another Lehman Brothers type of disaster. The battle really got heated when Hobbes told Cramer he told people to buy Bear Stearns back in 2008, right before it collapsed.
Perhaps the only company that’s enjoying all of this market turmoil is CNBC, or it’s new parent company, Comcast. Oh yeah, Dr. Doom, Nouriel Roubini is pretty happy I’m sure too.
You have to say it’s pretty gutsy of Hobbes to call Cramer out like that about Bear Stearns. Take a look at the video below.
Hat tip Business Insider for the video.