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Jim Cramer, Simon Hobbs Get Heated on CNBC

As of 11 AM ET, the Dow Jones Industrial Average is down more than 400 points. Just after the markets opened however, there was some fireworks on CNBC between Jim Cramer and Simon Hobbs.

Cramer compared the situation in Europe to Lehman Brothers, and Hobbes responded that by even suggesting that, the markets could respond negatively.

Then Hobbs brings up Cramer’s disastrous Bear Stearns advice, and…well…watch:

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