Jon Stewart, the comedian on the Daily Show whose satire has achieved the bizarre reputation of being some of the most responsible U.S. “journalism,” has lately attacked the performance of the financial media, especially CNBC, as incompetent in their reporting of Wall Street, the 2008 economic collapse and sub-prime mortgage crisis.
Stewart and CNBC host of Mad Money, Jim Cramer, who is a former hedge fund manager, butted heads on air March 12. Stewart accused Cramer of irresponsible reporting, said a Vancouver Sun story about the brawl. “I understand you want to make finance entertaining but it’s not a f***ing game,” said Stewart.
“Cramer told Stewart there was a market for shows like Mad Money to which Stewart replied: “There’s also a market for cocaine and hookers … Who are you responsible to? The people with the 401k’s and the pensions and the general public or the Wall Street traders?”‘
Episodes of the Daily Show are posted — after a delay — on the CTV site. The Sun web site has a transcript of the interview.
Jon Stewart, the comedian on the Daily Show whose satire has achieved the bizarre reputation of being some of the most responsible U.S. “journalism,” has lately attacked the performance of the financial media, especially CNBC, as incompetent in their reporting of Wall Street, the 2008 economic collapse and sub-prime mortgage crisis.
Stewart and CNBC host of Mad Money, Jim Cramer, who is a former hedge fund manager, butted heads on air March 12. Stewart accused Cramer of irresponsible reporting, said a Vancouver Sun story about the brawl. “I understand you want to make finance entertaining but it’s not a f***ing game,” said Stewart.
“Cramer told Stewart there was a market for shows like Mad Money to which Stewart replied: “There’s also a market for cocaine and hookers … Who are you responsible to? The people with the 401k’s and the pensions and the general public or the Wall Street traders?”‘
Episodes of the Daily Show are posted — after a delay — on the CTV site. The Sun web site has a transcript of the interview.
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Jon Stewart vs Jim Cramer
Jon Stewart, the comedian on the Daily Show whose satire has achieved the bizarre reputation of being some of the most responsible U.S. “journalism,” has lately attacked the performance of the financial media, especially CNBC, as incompetent in their reporting of Wall Street, the 2008 economic collapse and sub-prime mortgage crisis.
Stewart and CNBC host of Mad Money, Jim Cramer, who is a former hedge fund manager, butted heads on air March 12. Stewart accused Cramer of irresponsible reporting, said a Vancouver Sun story about the brawl. “I understand you want to make finance entertaining but it’s not a f***ing game,” said Stewart.
“Cramer told Stewart there was a market for shows like Mad Money to which Stewart replied: “There’s also a market for cocaine and hookers … Who are you responsible to? The people with the 401k’s and the pensions and the general public or the Wall Street traders?”‘
Episodes of the Daily Show are posted — after a delay — on the CTV site. The Sun web site has a transcript of the interview.
Jon Stewart, the comedian on the Daily Show whose satire has achieved the bizarre reputation of being some of the most responsible U.S. “journalism,” has lately attacked the performance of the financial media, especially CNBC, as incompetent in their reporting of Wall Street, the 2008 economic collapse and sub-prime mortgage crisis.
Stewart and CNBC host of Mad Money, Jim Cramer, who is a former hedge fund manager, butted heads on air March 12. Stewart accused Cramer of irresponsible reporting, said a Vancouver Sun story about the brawl. “I understand you want to make finance entertaining but it’s not a f***ing game,” said Stewart.
“Cramer told Stewart there was a market for shows like Mad Money to which Stewart replied: “There’s also a market for cocaine and hookers … Who are you responsible to? The people with the 401k’s and the pensions and the general public or the Wall Street traders?”‘
Episodes of the Daily Show are posted — after a delay — on the CTV site. The Sun web site has a transcript of the interview.
[node:ad]Deborah Jones
March 14, 2009
While I enjoy watching Cramer
While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?
China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.
The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron with 30 plus years in the investment business and banking industry.
March 16, 2009
Interestingly, the transcript
Interestingly, the transcript has disappeared from the Vancouver Sun site. Maybe sometihng to do with the following copyright-protection comment on the sister Vancouver Province’s site ( http://tinyurl.com/dzxnyj ):
“The transcript you linked to was illegally taken from the Mahalo Answers site. I have already contacted the Vancouver Sun about this. The correct link for the transcript is: http://www.mahalo.com/answers/money/jim-cramer-jon-stewart-fight-video-with-transcript ”