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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.

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