web analytics

Stewart vs Cramer

Written By: - Date published: 10:29 am, March 15th, 2009 - 10 comments
Categories: uncategorized - Tags:

Earlier this week, I posted on the feud that erupted when the Daily Show criticised CNBC and the business media. Last night, CNBC’s Cramer came on the Daily Show. The results were funny and informative about how the financial crisis was allowed to develop.

“We’re both snakeoil salesmen to some extent but we label it as snakeoil here”.

10 comments on “Stewart vs Cramer ”

  1. “I understand you want to make finance entertaining, but it’s not a f*ckin game.”

  2. Jon Stewart may be an comedian but he is also an amazing Journalist, those at CNN and Faux should take note. He didn’t yell at Cramer or act all aggressive, he got the information out that was needed, it was sheer brilliance.

  3. Felix 3

    Unfortunately it appears that Cramer’s apparent contrition on The Daily Show was a cynical facade.

    I’m guessing he knows that the viewers of his show and those of The Daily Show don’t have much crossover so, much like some of our own money-trading experts, he figures he can get away with telling different stories to different crowds.

  4. vinsin 4

    Interesting interview, cheers for the link felix.

  5. Quoth the Raven 5

    STEWART: I gotta tell you. I understand that you want to make finance entertaining, but it’s not a f–ing game. When I watch that I get, I can’t tell you how angry it makes me, because it says to me, you all know. 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 this derivative market stuff that is this weird Wall Street side bet.

    CRAMER: But Jon, don’t you want guys like me that have been in it to show the shenanigans? What else can I do? I mean, last night’s show–

    STEWART: No, no, no, no, no. I want desperately for that, but I feel like that’s not what we’re getting. What we’re getting is… Listen, you knew what the banks were doing and yet were touting it for months and months. 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.

    We must remember that just as Cramer knew what was going on so did our own John Key. John Key understands exactly this filthy little world of finance and we mustn’t forget that.

    • RedLogix 5.1

      John Key understands exactly this filthy little world of finance and we mustn’t forget that.

      As the impact of this really starts hurting people (and in the Third World, killing them) the anger will be palpable when a critical mass of people realise exactly WHO did this to us, and WHY. When finally we realise that their ‘greed is good’ mantra was always a filthy lie, and that a whole class of morally-degenerate parasites made themselves obscenely rich, making money from money….AT OUR EXPENSE.

      And as much as Travellerev was given a hard time here for her opinions, I suggest that you go back and look at this. Events have proven her pretty much correct so far.

      I am a very ordinary man. I have earned my way in the world by engineering things of real tangible value. I my world you use what talents God gave you to be of service to your fellow man, you do decent work to the best of your ability and spend the fruits of that labour wisely.

      By contrast the filthy world of finance that our Prime Minister grew up in, and became wealthy from speculating in, is really nothing more than one giant fraudulent scam. Just one short year ago, such a statement would have seen as an extremist rant. Now it stands revealed for the obvious truth it is.

      When enough ordinary people finally recognise that the unbridled greed of this disgusting parasite is killing the host, it’s day of reckoning will be at hand.

    • BLiP 5.2

      John Key understands exactly this filthy little world of finance and we mustn’t forget that.

      Look, I know Bible quotes give most of the regulars here the screaming shits but please allow me to say: with Easter coming it now is a good time to remind ourselves what Jesus did when he found the money changers in the temple. http://bible.cc/matthew/21-12.htm

      But what did dopey ole New Zealand do? We put the worst kind of money changer on the 9th floor of Beehive!

  6. deemac 6

    exemplary interviewing by Jon Stewart. Our so-called serious journos should watch and learn.
    “It’s only news if someone doesn’t want you to know it; everything else is PR”.

  7. Chris G 7

    Wow I actually agreed with Brett’s comment.

    Fuck Cramer, that puppet is a wanker and just like Quoth said: John Key knows the same stuff Cramer knows – They both dont give a fuck though !
    Infact Key in his rant to the ACT party praises the reduction in regulation that will no doubt be happening here.

    What a sick and twisted world we live in.

    You market lovers should be ashamed of yourselves.

  8. Redlogix has given voice to my fears. Stewart’s forensics on this are unique, isn’t that bizarre that a comedy show does what specialist media haven’t (can’t)? I’m not surprised that Crammer’s contrition was an affectation, he was sent to defend the NBC brand and take the hits personally. The game continues, it’s possibly even intensified as victims of the collapse try to work out how they can quickly recover and they probably can’t. That’s the tragedy.

    Red, sorry I’ve not followed up my request, I’ll plead distraction but I do hope to chat offline.

Recent Comments

Recent Posts

  • COVID-19 vaccine slated for possible approval next week
    The green light for New Zealand’s first COVID-19 vaccine could be granted in just over a week, Prime Minister Jacinda Ardern said today. “We’re making swift progress towards vaccinating New Zealanders against the virus, but we’re also absolutely committed to ensuring the vaccines are safe and effective,” Jacinda Ardern said. ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • New ACC Board members announced.
    The Minister for ACC is pleased to announce the appointment of three new members to join the Board of ACC on 1 February 2021. “All three bring diverse skills and experience to provide strong governance oversight to lead the direction of ACC” said Hon Carmel Sepuloni. Bella Takiari-Brame from Hamilton ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Economic boost for Southland marae
    The Government is investing $9 million to upgrade a significant community facility in Invercargill, creating economic stimulus and jobs, Infrastructure Minister Grant Robertson and Te Tai Tonga MP Rino Tirikatene have announced.  The grant for Waihōpai Rūnaka Inc to make improvements to Murihiku Marae comes from the $3 billion set ...
    BeehiveBy beehive.govt.nz
    21 hours ago
  • Celebrating the Entry Into Force of the Treaty on the Prohibition of Nuclear Weapons
    [Opening comments, welcome and thank you to Auckland University etc] It is a great pleasure to be here this afternoon to celebrate such an historic occasion - the entry into force of the Treaty on the Prohibition of Nuclear Weapons. This is a moment many feared would never come, but ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Supporting disabled people to stay connected
    The Government is providing $3 million in one-off seed funding to help disabled people around New Zealand stay connected and access support in their communities, Minister for Disability Issues, Carmel Sepuloni announced today. The funding will allow disability service providers to develop digital and community-based solutions over the next two ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Voluntary saliva testing offered to quarantine workers from Monday
    Border workers in quarantine facilities will be offered voluntary daily COVID-19 saliva tests in addition to their regular weekly testing, COVID-19 Response Minister Chris Hipkins said today. This additional option will be rolled out at the Jet Park Quarantine facility in Auckland starting on Monday 25 January, and then to ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Next steps in firearms buy-back
    The next steps in the Government’s ambitious firearms reform programme to include a three-month buy-back have been announced by Police Minister Poto Williams today.  “The last buy-back and amnesty was unprecedented for New Zealand and was successful in collecting 60,297 firearms, modifying a further 5,630 firearms, and collecting 299,837 prohibited ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Jobs for Nature projects target iconic ecosystems
    Upscaling work already underway to restore two iconic ecosystems will deliver jobs and a lasting legacy, Conservation Minister Kiri Allan says.  “The Jobs for Nature programme provides $1.25 billion over four years to offer employment opportunities for people whose livelihoods have been impacted by the COVID-19 recession. “Two new projects ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Public Housing Plan announced
    The Government has released its Public Housing Plan 2021-2024 which outlines the intention of where 8,000 additional public and transitional housing places announced in Budget 2020, will go. “The Government is committed to continuing its public house build programme at pace and scale. The extra 8,000 homes – 6000 public ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Prime Minister congratulates President Joe Biden on his inauguration
    Prime Minister Jacinda Ardern has congratulated President Joe Biden on his inauguration as the 46th President of the United States of America. “I look forward to building a close relationship with President Biden and working with him on issues that matter to both our countries,” Jacinda Ardern said. “New Zealand ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Jobs for Nature funding will create training and employment opportunities
    A major investment to tackle wilding pines in Mt Richmond will create jobs and help protect the area’s unique ecosystems, Biosecurity Minister Damien O’Connor says. The Mt Richmond Forest Park has unique ecosystems developed on mineral-rich geology, including taonga plant species found nowhere else in the country. “These special plant ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pre-departure testing extended to all passengers to New Zealand
    To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. “The change will come into force for all flights arriving in New Zealand after 11:59pm (NZT) on Monday ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Bay Cadets learn skills to protect environment
    Bay Conservation Cadets launched with first intake Supported with $3.5 million grant Part of $1.245b Jobs for Nature programme to accelerate recover from Covid Cadets will learn skills to protect and enhance environment Environment Minister David Parker today welcomed the first intake of cadets at the launch of the Bay ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Cook Islanders to resume travel to New Zealand
    The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Mark Brown have announced passengers from the Cook Islands can resume quarantine-free travel into New Zealand from 21 January, enabling access to essential services such as health. “Following confirmation of the Cook Islands’ COVID ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Supporting communities and landowners to grow employment opportunities
    Jobs for Nature funding is being made available to conservation groups and landowners to employ staff and contractors in a move aimed at boosting local biodiversity-focused projects, Conservation Minister Kiritapu Allan has announced. It is estimated some 400-plus jobs will be created with employment opportunities in ecology, restoration, trapping, ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Border exception for some returning international tertiary students
    The Government has approved an exception class for 1000 international tertiary students, degree level and above, who began their study in New Zealand but were caught offshore when border restrictions began. The exception will allow students to return to New Zealand in stages from April 2021. “Our top priority continues ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Tiwai deal gives time for managed transition
    Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New member for APEC Business Advisory Council
    Prime Minister Jacinda Ardern has appointed Anna Curzon to the APEC Business Advisory Council (ABAC). The leader of each APEC economy appoints three private sector representatives to ABAC. ABAC provides advice to leaders annually on business priorities. “ABAC helps ensure that APEC’s work programme is informed by business community perspectives ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Govt’s careful economic management recognised
    The Government’s prudent fiscal management and strong policy programme in the face of the COVID-19 global pandemic have been acknowledged by the credit rating agency Fitch. Fitch has today affirmed New Zealand’s local currency rating at AA+ with a stable outlook and foreign currency rating at AA with a positive ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Additional actions to keep COVID-19 out of NZ
    The Government is putting in place a suite of additional actions to protect New Zealand from COVID-19, including new emerging variants, COVID-19 Response Minister Chris Hipkins said today. “Given the high rates of infection in many countries and evidence of the global spread of more transmissible variants, it’s clear that ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • 19 projects will clean up and protect waterways
    $36 million of Government funding alongside councils and others for 19 projects Investment will clean up and protect waterways and create local jobs Boots on the ground expected in Q2 of 2021 Funding part of the Jobs for Nature policy package A package of 19 projects will help clean up ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • New Zealand Government acknowledges 175th anniversary of Battle of Ruapekapeka
    The commemoration of the 175th anniversary of the Battle of Ruapekapeka represents an opportunity for all New Zealanders to reflect on the role these conflicts have had in creating our modern nation, says Associate Minister for Arts, Culture and Heritage Kiri Allan. “The Battle at Te Ruapekapeka Pā, which took ...
    BeehiveBy beehive.govt.nz
    3 weeks ago