August 9, 2007

colbert-cramer.jpg CNBC's high-energy economic analyst Jim Cramer sits down with Stephen to discuss the collapsing housing market and what it means for millions of Americans who were lured by low teaser rates a few years back when the market was hot, and are now at risk of losing their homes due to skyrocketing interest rates.

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For video of Cramer's latest on-air meltdown, see here. This guy sure does add some excitement to the usually boring market analysis.

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