Cramer: Underappreciated

While many hate Jim Cramer and think he is an idiot, I tend to disagree. Granted, he offers a lot of bad opinions on stocks and his show seems to be more about entertainment and less about sound investing ideas. Yet, we should give him a great deal of credit for seeing the crisis begin to unfold in our financial sector before most others. This video is from August 3, 2007 when the Dow closed at 13,182. In one of the most passionate and emotional exchanges I've seen on CNBC, Cramer correctly argues that Fed action is desperately needed. I think we should appreciate how correct he was...

Cramer explains why he took the Fed to task...