Friday, March 13, 2009

Jon Stewart gets serious - Updated

This will no doubt be going around the internets today, but it deserves to be spread as far and wide as possible. Jon Stewart finally gets Cramer on The Daily Show and conducts an unusually serious interview. In this segment, Cramer admits on tape that he used his position as teevee guru to manipulate the markets back in 06. And in the second segment Cramer calls for indictments, mentioning AIG specifically. [via Atrios]

Update: YahooTV has the full TDS segment as it aired. And TPM puts up a rogue's gallery, the Axis of Weasels, putting faces on some of the criminals who should be indicted as far as I'm concerned. [hat tip The Mayor and HBK]

[More posts daily at The Detroit News]

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Blogger Dirk Gently said...

comedy central has the whole interview, unedited

i think folks should use their site, despite the annoying ads, since it is their product. but that's just me.

12:21:00 PM  
Blogger Libby Spencer said...

You're probably right about that. Pure laziness on my part. I just picked up the first links I found.

2:19:00 PM  
Anonymous Anonymous said...

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:


Ron with 30 plus years in the investment business and banking industry.

3:44:00 PM  
Blogger Capt. Fogg said...

Hey, so you lost everything -- that's entertainment! Hey Doc, why did you tell me my lung cancer was only a cold? Entertainment? Oh I see -- very funny -- I shouldn't have expected you to actually be a doctor.

"Who would expect them to warn about the credit bubble"

In publishing, advertising is supposed to be labeled as such. It's pretty sad if we can't expect news networks to tell, if not the whole truth, at least part of it. Telling lies and half truths, protecting the guilty while slandering the innocent is about as entertaining as leaving an elevator door open or disconnecting a fire alarm or stealing a "bridge out" sign.

I think it's pretty god damn sad that you only hear the truth about these "entertainers" on a fake news show. It's sadder that what sells itself as the mainstream media feels no responsibility to report the truth and the whole truth but rather "entertains" us with government and industry press releases and polemics about "liberals" while the country is scuttled. Actually I think it's criminal.

4:14:00 PM  
Blogger Libby Spencer said...

Ron, I would be more impressed with this zany scheme if you had started it during the reigns of error under Republicans. Sounds suspiciously like a front for the usual right wing attempts to shred the social safety net under the pretense of "fiscal responsibility."

I'm not going to delete your self promotion in the interests of free speech, and because you were polite but frankly, I think this is crazy.

4:23:00 PM  

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