Ivory Tower Occupying "Experts" - there's no European bank crisis

Last year, hedge funder Hugh Hendry slammed Columbia professor Jeffrey Sachs for "not living in the real world," and not being worthy of having an opinion because he's not accountable.

(See the photo of them fighting )

Hendry responded to Sachs' saying that there's no European bank crisis by saying,

"Was Jeffrey skiing two months ago? I was working, Gillian (Tett, who was also on the show) was working. So we can tell you about the real world."

And it was so offensive that the host has to jump in and say, "Now that's just a low blow."

Sachs got pretty angry too. He said:

"Please watch your language, it's just ridiculous. Watch your rhetoric a little bit."