Cramer blew up on CNBC. It’s on Drudge. Blah blah blah. Read what he actually said. And think about what that will mean politically:

No, we have Armageddon. We have Armageddon …

Will somebody come on TV and tell people how bad it is. …

We have thousands of people losing their homes right now. 14m people took a mortgage in the last three years. 7m of them took teaser rates or took piggy-back rates.  They will lose their homes. …

It really is going to be bad. Really bad.

Categories: economy