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."
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.
Santelli is the only one right in this story. Cramer and Stewart are both worthless.
How anyone takes Jon Stewart seriously on anything is beyond me. He’s a lightweight and a yawn factory.
Cramer criticized the One. He must now be destroyed. (See Palin/2008)
When Clowns Fight
All a distraction to protect congress from taking any blame for the economic collapse..
CRAMer and SteWART, 2 of the most irritating people you can listen to
Jon Stewart, what the he!! do you know about anything (except may be steaming piles BO bull )?
The straight line Liberal clowns like Stewart refuse to draw is the one from the housing bubble directly to Congress.
What what did Cramer say.....pretty crappy report.
Sadly, a lot of college kids get thir news from this show.
Santelli is the only one right in this story. Cramer and Stewart are both worthless.
YOU ARE SOOOO RIGHT. AND IT SeeeeeeeeeMS, THAT ALL OF AMERICA AGREES WITH US - "TEA PARTY" ANYONE??? THERE HAVE BEEN THOUSANDS OF PEOPLE ATTENDING THEM - WAKE UP B.O.!
I agree, but in this case Stewart nailed it. Cramer, Fast Money and Suzie Orman are just entertainment and bad at that.
Cramer sanctioned by the SEC and unable to work on wallstreet gets a job shilling on CNBC, d’oh
Stewart and Cramer together are seen by less then 1/2 of 1 percent of Americans and listened to even less.
>>What what did Cramer say.....pretty crappy report.<<
Here is a quote:
“So I will fight the fight against that agenda. I will stand up for what I believe and for what I have always believed: Every person has a right to be rich in this country and I want to help them get there. And when they get there, if times are good, we can have them give back or pay higher taxes. Until they get there, I don’t want them shackled or scared or paralyzed. That’s what I see now.
If that makes me an enemy of the White House, then call me a general of an army that Obama may not even know exists — tens of millions of people who live in fear of having no money saved when they need it and who get poorer by the day”.
http://www.freerepublic.com/focus/f-bloggers/2200318/posts
That was a complete drubbing by Stewart. Cramer looked like a 3rd grader trying to use the “dog ate my homework” excuse.
Cramer is a lunkhead but I just can’t believe anybody would actually go on Stewart’s or Colbert’s show for an interview. They’re damned jokers.
I know, I saw the video - but it is also why I and 99% of Americans do not watch Cramer or Stewart since I don’t want to see him going back to farting on screen.
Given his history as a Democratic party favorite, I'm sure that Obama will give CRamer his "penance." He'll likely have to come out at some point in the future, and say what a wonderful job the administration is doing with the economy, or how "cap-and-trade" proposals aren't as bad as everything thinks.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.