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-- John Stewart vs Jim Cramer

Posted by Capitalizt on Mar-13-2009 19:47:

John Stewart vs Jim Cramer

damn Cramer gets Pwned.. I've never seen such a smackdown on The Daily Show. They took down the youtube vids due to copyright, so this is the only one I could find...

http://www.hulu.com/watch/62203/the...2009#s-p1-so-i0

I 'd my ass off at 2:28

Posted by pmoisse on Mar-13-2009 20:30:

cocksuckers!

Both this hulu link and the Comedy Central one can only be viewed from US IP addresses.

My internet kung-fu is not up to the challenge of bouncing my connection off proxies to hide that I'm in Europe either

Posted by Lemonad on Mar-13-2009 23:33:

this this

http://popwatch.ew.com/popwatch/200...er-stewart.html

Posted by Groundhog Boy on Mar-13-2009 23:53:

I just don't understand why everyone seems to think that CNBC only has "journalists" that work for them. Mad Money & Fast Money are not "journalism."

I watch the Daily Show every day, but I can't say I've been agreeing with Jon when he blames CNBC for 401K plans falling. It's a bit ridiculous, but I guess just blaming bank CEOs and Bush is getting old.

The most ridiculous part of this whole situation is to read comments sections about this and see how little people actually know what they're talking about. I saw Jim Cramer called a far right winger, along with Anne Coulter and Bill O'Reilly on CNN a few minutes ago. I guess everyone missed his endorsements of Obama last year.

Posted by Capitalizt on Mar-14-2009 00:07:

quote:
Originally posted by Groundhog Boy

I watch the Daily Show every day, but I can't say I've been agreeing with Jon when he blames CNBC for 401K plans falling. It's a bit ridiculous, but I guess just blaming bank CEOs and Bush is getting old.

Yeah Cramer could have defended himself better. The tape evidence that damned him on manipulating stocks really didn't tie in at all to the point John was making about overleverage at Bear Stearns and other places, but I guess Cramer was too embarrassed/ashamed to point this out. He became pretty incoherent after those video clips.

Posted by Damerchi on Mar-14-2009 00:46:

I thought Cramer was on the verge of breaking into tears for half the interview.

Cramer did a really good job by not overreacting, something I think Stewart was being a little bit shameless in instegating.

It was very intense, a great moment in tv history. Unfortunately I think Jim Cramer may become the face for the entirity of these journalistic practices that Stewart was emphasising. I felt bad for the guy, it seems he also felt very betrayed by those that had lied to him.

I might check out fast money from now on to see if this interview had any impact on show/his confidence.

Posted by Shakka on Mar-14-2009 00:48:

Cramer rolled over and took it in the ass. Whether I agree with Stewart or not, he made good points in that CNBC is a market cheerleader most of the time and does a horrible job exposing problems until after-the-fact. I don't mind watching Cramer eat shit though--he's a fraud. A smart fraud, but a fraud no less.

Posted by josh4 on Mar-14-2009 03:20:

Its really sad Comedy Central is the only outlet holding these networks and organizations accountable.

Posted by Groundhog Boy on Mar-14-2009 15:26:

quote:
Originally posted by josh4
Its really sad Comedy Central is the only outlet holding these networks and organizations accountable.

I'm still not sure what they're supposed to be accountable for.

Not predicting the crisis? They were bringing up subprime issues years ago on CNBC, but no one saw that because those clips weren't circulated on all of the blogs. Did they think it would take down the entire economy - No. Few people did and the ones that did are rich because they shorted the sectors.

It's not that I'm saying CNBC is the best station ever, but I'm still waiting for people to put the blame on the general public for this crisis, which is where a lot of it belongs. I know better than to think that would happen, though. Everyone complains about over-leveraged banks, but no one comments about the average consumer that's more levered than the banks through their subprime loans, HELOCs and credit cards, which is why they're now going bankrupt and/or foreclosing. It also really annoys me that I actually hear people say that they didn't benefit when the market was good, ignoring all of the technological advances that only occurred because the bullish stock market made that R&D and production available.

Posted by The17sss on Mar-15-2009 02:47:

haha... Cramer kind of had this coming. But, it's stupid that Stewart NOW has a problem with Cramer, since he started criticizing Obama's policies. But what did this "moment in media history" as a previous poster tell us anyway? Hedge Funds! Short-selling! Gamesters and players on Wall Street! Who knew??? I mean it's never been talked about, right? Then Stewart plays a clip of Kramer talking about it a couple of years ago. Whatever. If he wants to bloviate about short sellers, how about bringing George Soros on? Thank God we have Jon Stewart to expose all this for us. When comedians who were once funny drift too far into the political, they always seem to turn into bitter and angry jerk-offs (see Chris Rock, Bill Maher, et al)... people watch comedy routines for release and laughter, not to get more angry.

Plus, towards the end of the interview, you'll notice Stewart has seemlessly transitioned from a critique of financial media into a critique of investment itself. How silly of Americans to think that they might make money from something other than their own labor.

Posted by sean5 on Mar-15-2009 03:00:

as someone else pointed out, cramer has sucked ass for a while now, so there is obviously something else to this sudden "fight". my guess is that cramer was getting out of hand instead of sticking to the plan and his "people" didn't like that.

Posted by jerZ07002 on Mar-15-2009 03:14:

once you move into the cable TV world you become more of an entertainer than a reporter.

People should stop trying to find targets for blame and do a self evaluation. people who couldn't afford their mortgages are just as blameworthy as any bank. Ignorance has never been a defense and it shouldn't in this case either (ignorance of their own financial situation is a pretty weak argument in any case).

Posted by BARS-N-STARS on Mar-15-2009 05:44:

quote:
Originally posted by Groundhog Boy
I just don't understand why everyone seems to think that CNBC only has "journalists" that work for them. Mad Money & Fast Money are not "journalism."

I watch the Daily Show every day, but I can't say I've been agreeing with Jon when he blames CNBC for 401K plans falling. It's a bit ridiculous, but I guess just blaming bank CEOs and Bush is getting old.

The most ridiculous part of this whole situation is to read comments sections about this and see how little people actually know what they're talking about. I saw Jim Cramer called a far right winger, along with Anne Coulter and Bill O'Reilly on CNN a few minutes ago. I guess everyone missed his endorsements of Obama last year.

Right.. Dude likes to point a finger but no explanation on the real issue he has a problem with. Hey John way to bring that shit up now........... Stick to your own show.........

Posted by HardTranceProd on Mar-15-2009 06:35:

From what I've read, it looks like Cramer actually stands to benefit from this show, even though he was humiliated by Jon Stewart. There was an analysis in the New York Times which proclaimed Cramer the winner, in spite of all the beating he endured