WE HAVE ARMAGEDDON
Boing Boing points to this hilarious, jauntily scored piece of media analysis in which the folks at iTulip annotate Jim Cramer’s CNBC meltdown yesterday in which he begged Federal Reserve Board Chairman Ben Bernanke to cut the discount rate tomorrow. “We have Armageddon!” he shouted, fearful that the current credit squeeze will decimate the financial industry. The iTulip people (who I know little about) provide a populist critique, wondering if free market free falls are only allowed to happen to aging industrial companies and not financial services.
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