NEW YORK ( TheStreet) -- We now know the Federal Reserve was terrified of the crisis brewing in 2007. Something was wrong, but no one knew what. The central bank called together three emergency conference calls in 2007 as the housing and financial crisis was beginning to frighten investors. The Fed made publicly available on Friday the conversations of meetings from the Federal Open Market Committee (FOMC), the policy-making wing of the Fed. The minutes of the meetings reveal that Fed policymakers referred to TheStreet founder Jim Cramer's famous televised rant about the crisis, which follows our summary of the Fed proceedings.