Posted on 03/13/2009 7:49:49 AM PDT by jessduntno
March 13, 2009 Categories: New York Times
Stewart blasts CNBC: 'Whose side are they on?'
Finally! After much back and forth -- and plenty of hype -- Jim Cramer sat down with Jon Stewart last night on the Daily Show.
And Stewart didn't hold back, tearing apart Cramer (and CNBC) in an exchange that rivals his famous takedown of Crossfire back in 2004.
"I understand you want to make finance entertaining, but it's not a f--king game," Stewart told Cramer.
Stewart played several clips of Cramer speaking soberly about the tricks he once used as a hedge fund manager, and then clips from "Mad Money." Stewart said that he wanted the " Jim Cramer on TV to protect me from that Jim Cramer."
"You all know," Stewart said. "You all know what's going on. You can draw a straight line from those shenanigans to the stuff that was being pulled at Bear and at AIG and all that derivative market stuff that is this weird Wall Street side bet."
"You knew what the banks were doing, and yet were touting it for months and months," Stewart said later. "The entire network was. And so now to pretend that this was some sort of crazy, once-in-a-lifetime tsunami that nobody could have seen coming is disingenuous at best and criminal at worst."
However, they both disagreed with Rick Santelli's rant on the floor of the Chicago Mercantile Exchange.
Part 1 is below, with 2 and 3 (where Stewart unloads) is after the jump.
Finally! After much back and forth -- and plenty of hype -- Jim Cramer sat down with Jon Stewart last night on the Daily Show.
And Stewart didn't hold back, tearing apart Cramer (and CNBC) in an exchange that rivals his famous takedown of Crossfire back in 2004.
"I understand you want to make finance entertaining, but it's not a f--king game," Stewart told Cramer.
Stewart played several clips of Cramer speaking soberly about the tricks he once used as a hedge fund manager, and then clips from "Mad Money." Stewart said that he wanted the " Jim Cramer on TV to protect me from that Jim Cramer."
"You all know," Stewart said. "You all know what's going on. You can draw a straight line from those shenanigans to the stuff that was being pulled at Bear and at AIG and all that derivative market stuff that is this weird Wall Street side bet."
Does Jonathan-Stuart-Leibowitz-Stewart have the ability to form a thought or idea without the help of writers?
And the DUmmies hang on every word from Stewart’s mouth as gospel truth and un biased news. What a joke.
sad thing is many morons in college (who hires these dolts anyway) believe this is news.
What I thought was laughably ironic, Stewart actually told Cramer that CNBC "could've exposed [the bad things going on in the financial world]" -- as if they had a responsibility to do so.
So another media/new journalism truth: the media has the responsibility to uncover lies and deceit in our government, (except when they get handed "talking points memos" from DNC operatives.)
Democrats recieve Over 71% of Wall Street Donations (Vanity)
10-06-2008 | Entrepreneur
Posted on Monday, October 06, 2008 2:14:53 PM by Entrepreneur
Maybe I’m feeling masochistic today because I tuned into CSPAN, watching the House Oversight & Government Reform Committee grill Richard Fuld from Lehman Brothers.
It seems obnoxious to listen the Democrats grill Fuld about compensation he received or paid to his employees over the years and the repeated leading questions asking for Fuld to blame things on a lack of regulation. The only guy on the committee who doesn’t come across as an idiot is John Mica (R-Fla).
Anyway, it crossed my mind that Fuld might be a Democrat. It seems most of the finance bigwigs and uber wealthy who earn wealth by moving money around (i.e., they don’t make, create, or build things). I checked Huffington’s fundrace and while Fuld hedges by giving to both parties, he clearly leans to the left. He gave $10,000 to the Democrat Senatorial Campaign Committee and $10,000 to the Republican Senatorial Campaign Committee. Yet, he’s given $26,700 to Democrat candidates and $4,300 to Republicans.
I found the fact that he’s a big Dem donor getting drilled by idiot House Dems to be amusing. I wondered about Lehman as a whole. Lehman employees gave twice as much to Democrats as Republicans. I started checking other companies in the middle of this mess...
Freddie Mac - 81% Democrat
Fannie Mae - 81% Democrat
Lehman - 65% Democrat
AIG - 82% Democrat
Bear Strearns - 62% Democrat
JP Morgan - 84% Democrat
WaMu - 80% Democrat
Goldman Sachs - 70% Democrat (biggest block of Dem money)
CitiGroup - 68% Democrat
Overall, the employees of these companies gave more than $2 to Democrats for every dollar donated to the GOP. They gave 71% to the Democrats. Why? Obviously, it’s influence. They want to win the easy way, through Washington’s ability to game the system.
The people who created the financial meltdown are elected Democrats and Wall Street Democrats. Corruption, financial incompetence, and the Democrat Party have become synonomous. The warnings and attempt to halt the mess came from Republicans.
As a conservative, I don’t particularly like Bush or McCain, but give them credit. They tried to stop this mess when there was time. Guys like Dodd and Frank stopped the reform attempts.
This mess is wholly a Democrat mess, which the Democrat press refuses to expose.
http://www.freerepublic.com/focus/f-news/2098821/posts
NEat!
“I understand you want to make finance entertaining, but it’s not a f—king game,” Stewart told Cramer....”
What the hell does Stewart do???? Is he not taking a serious subject and making it a “game?” He is doing it to serious news much more than Cramer is doing it to finance!!!
hyprocrite!
Stewart offers his show as sarcastic satire, a spoof.
Cramer takes himself seriously.
I think most donations go to whoever they think is going to be in power. If you go to the 2002 or 2004 elections, I would be surprised if most donations don’t go to the GOP. That’s not really a conspiracy, it’s just that nobody wants to back the losing team.
Stinkin liberal-americans.
“...Stewart offers his show as sarcastic satire, a spoof...
I think that qualifies as “making a f——ing game” of it, does it not?
Surreal times.
Its like Stewart wrote it... 'yeah, I kicked Cramer's arse"
Think of the irony...Cramer is to real investment as Stewart is to real news...two sides of the same coin.
Who is pushing a conspiracy that Wall Street and business are out to get Hussein, to destroy his Presidency with a falling stock market.
This is the reason for the full out assault against Business, CNBC, Santelli and Cramer, started by the WH and picked up by Hollywood, (as usual).
No mention of course that Wall Street gave heavily to Dems, that Paulson was the only guy Chuck Schumer told Pres Bush he would confirm, (Paulson a global warming nut).
Stewart's commie propaganda is dangerous.
Stewart repeatedly says he is “fake news” though, not that that actually penetrated the liberalized minds of his audience who think he is the honest truth.
Yes, it does.
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