Comments | the_recession: C&L: Stewart "Creams" Jim Cramer

cieldumort in the_recession

C&L: Stewart "Creams" Jim Cramer

Mar 13, 2009 03:21

Crooks and Liars:
Jon Stewart creams Jim Cramer on the Daily Show

By John Amato Thursday Mar 12, 2009 9:46pm

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rick santelli, cnbc, jim cramer, the great crash of 2007-2009, fraud, jon stewart

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We Deserve This theheretic March 13 2009, 13:40:04 UTC

The freaky thing is that the financial analyst of my generation (GenX) is a comedian/satirist on a comedy cable channel.

Think about that for a minute. The sole public voice with broadcast capability from my entire generation is a satirist on late-night cable TV. Is it any wonder the market collapsed with this level of disinterest by the people who have to pay for this mess?

Re: We Deserve This cieldumort March 13 2009, 18:09:49 UTC

Yep. Just about anyone watching CNBC or these other financial shows and networks over the years who bought into the whole "it's different 'this time'" mantra were really also willing participants in the massive hallucination.

the financial analyst of my generation (GenX) is a comedian/satirist on a comedy cable channel nebris March 13 2009, 18:16:26 UTC

It's a time honored tradition really. The Court Jester was often the only who could 'tell the king the truth' without getting his head lopped off.

~M~

Re: the financial analyst of my generation (GenX) is a comedian/satirist on a comedy cable channel ebenizer March 13 2009, 20:53:18 UTC

Yup, it was the same in Native American culture too. the "sacred clown" or fool they called them

Re: We Deserve This chessdev March 13 2009, 21:30:42 UTC

And that was part of Stewart's point -- he was like "Why do *I* have to be the one to say these things? You guys knew what was happening..."

We can only hope things get better moving forward...

Re: We Deserve This cieldumort March 13 2009, 22:23:27 UTC

That was one of so, so many money lines last night.

Jon Stewart, REAL American!

Re: We Deserve This theheretic March 13 2009, 23:14:53 UTC

And that's just it. There's not REASON for things to "get better". They'll stay crappy with a chance of further crappy over the weekend with more crap flurries which will eventually calm down to a rain of crap and finally partly crappy before another crap front approaches, with a high chance of crap for the next week/month/year/decade. Somehow I think the Teens are going to be like this year and last, only dirtier, with less money, less hope, and more reasons to be pissed off. But still no one from our generation in charge because the halfwits of the Baby Boomers will still be in charge. Until we stop electing psychopaths this problem will not go away. Sigh. How depressing.

Something to eat? cieldumort March 14 2009, 01:13:02 UTC

( ... )

Re: We Deserve This peristaltor March 14 2009, 19:37:56 UTC

Until we stop electing psychopaths this problem will not go away.

I'm curious you blame the elected "psychopaths," when the interview shows very clearly the financial professionals knew very well how to work the system in ways the regulators (empowered by those "psychopaths") could not control.

The psychopaths, in this case, must be those in actual charge of the banks, the folks that leveraged 35:1 in pursuit of the short-term gain, who fed that crap you mentioned to the willing maws of media moguls, who booed the "losers" from the floor of the exchange without a hint of irony.

I don't know if you've noticed, but a lot of those guys are young, fit traders and bankers without a hint of gray in their hair. They have contempt for the regulators, contempt for the laws, contempt for everyone that doesn't promise to make them rich using other peoples' money for the seed ( ... )

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Re: We Deserve This peristaltor March 16 2009, 21:03:04 UTC

I heard a story just today about the rise of small firms. Maybe that will be the lesson we need to learn once the dust has settled, that large firms got where they are by going out on shaky limbs.

Hey, 6% ain't bad at all!

Re: We Deserve This peristaltor March 14 2009, 19:00:12 UTC

Far from being a "liberal media," CNBC, the Wall Street Journal, et al are all whores. All the major financial reporting agencies rely on ad revenue and insider tips to gain access. What happens when they deliver bad news? They lose ad cash and access. They learn quickly not to do that.

Only Stewart has no conflict of interest.

Thomas Jefferson noted no democracy can survive without an educated populace. For-profit news agencies cannot work effectively, cannot dig deeply into stories that affect society, and cannot therefore educate, let alone claim to do so. Stewart demonstrated that this is the result.

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