CNBC Video - Simon Hobbs & Jim Cramer battle over European banks - Aug. 18, 2011
Pretty brilliant moment from yesterday. Runs 2 minutes.
Source - BI
A debate between CNBC anchors Jim Cramer and Simon Hobbs went out of control this morning amid the European bank rout. Cramer opined that traders have to consider the possibility that this is a Lehman moment, and after the commercial break Hobbs cries foul over the comment.
Hobbs criticizes Cramer, arguing that even the suggestion of a Lehman moment could cause markets to convulse. Cramer argues that he's bound to acknowledge it in order to prevent being "crucified" again by viewers who listen to his advice.