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Ron Paul and Jim Cramer trash The Fed -- together!

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Jim Cramer is the probably the most crazy and rational man on CNBC, and Ron Paul holds a similar position in politics.

Last night on CNBC's Mad Money, the two spent seven minutes trashing the Federal Reserve. Regardless of whether you think they're right, they're certainly bringing up a topic that hasn't gotten the attention it deserves.

I recently wrote about the popularity of the YouTube videos featuring Congressman Paul trashing the Fed, and the Cramer/Paul rant is likely to become an instant classic in that category.

CNBC recently posted a transcript of the discussion (not really an interview so much), and here are a couple of Cramer's best points:

"Now, you have been, I think, spot on in saying that the Federal Reserve created the stock bubble with low margin rates and it created the housing bubble with low mortgage rates, yet I never hear about anyone talking about investigating the Fed in Congress. It's a creature of Congress. Why don't we do it?"

"I think you are changing the debate .... I always feel like I'm out there by myself criticizing this institution that everybody thinks is like a holy temple, when the reality is these are just men and women like you and me except for they're making policy with no checks and balances. I wish you the best of luck, sir, with your campaign. You are changing things with what you're saying."

Is Cramer, who professes to be a Democrat, going to endorse Congressman Paul? It sure sounded like he was during the interview.

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Last updated: November 26, 2009: 11:06 AM

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