Jim Cramer gets Pounded by John Stewart on the Daily Show

[davelj]

[quote=sdgrrl]Did anybody catch Cramer talking about Bear Stearns and how he had spoken to to the top guys and how they were his friends and that they essentially promised him that all would be well. Cramer many times said over and over how close he was to these people; I think with one guy from BS he said he knew him for 20 years.
[/quote]

This isn’t your point, but it reminds me of one of Buffett’s great quotes: “With enough inside information and a million dollars you can go broke in a year.”

This is so true. Which is why I generically don’t have a problem with folks trading on inside information. Most inside information relates to M&A and probably half of all deals blow up in the last few days before the transaction is supposed to be announced (and folks acting on this information end up blowing themselves up). Inside information is probably the most overrated “advantage” in the financial markets. At the same time, I understand the need – from a “marketing” standpoint – for the exchanges to appear to be operating on a level playing field.

[Arraya]

While I like the Daily Show and think they were hilarious in bashing Bushco over the last 8 years. He is still apart of the huge media entity that serves very little public service other than entertainment.

Why didn’t he do a montage of bad Federal Reserve calls instead of CNBC from over the years? You know they guys thats job it is to PROTECT from asset bubbles. They could put Greenspans speech up with him encouraging ARMs in 04 and juxtapose it with showing that the Feds job description is to protect from asset bubbles. How Stewart-esque would is be to show the irony of not investigating this quasi-private agency that the government uses to protect from these things and putting them in charge of fixing the problem that they were one of the primary players in creating? The absurdity of that is immense. Or how about a funny bit about how the other engineers of this mess who are back in charge of fixing it on the governmental end? Summers, Ruben, Paulson and Giethner along with their Republican cohorts all lobbied to repeal glass-segal. This was done around the same time as Clinton’s Telecommunications act that put the media in control of 4 or 5 entities down from over 50. Another “deregulation” under the mantra of “free markets”.

CNBC is tool of Wall Street and Cramer is one of their sacrificial lambs. Let’s face it, Cramer already had a bad reputation as opposed to Santelli. So he was the obvious red meat to throw to the mob. Stewart is, whether intentionally or not, obfuscating the truth by distraction. CNBC and Cramer deserve ridicule but it’s only a side show to the real problems.

Stewart is part of the left wing media that is under the umbrella of “corporate media” which houses the lovely right wing media. These CORPORATE media personalities are all beholden to a few people with ties to other influential people in government and other industries. Some call it bad journalism, I call it corporately compartmentalized media with people of varying degrees of honesty and knowledge, strategically structured on a corporate level, with a corporate agenda. The agenda is not to inform or educate.

MSM will rot your brain.

[Arraya]

While I like the Daily Show and think they were hilarious in bashing Bushco over the last 8 years. He is still apart of the huge media entity that serves very little public service other than entertainment.

Why didn’t he do a montage of bad Federal Reserve calls instead of CNBC from over the years? You know they guys thats job it is to PROTECT from asset bubbles. They could put Greenspans speech up with him encouraging ARMs in 04 and juxtapose it with showing that the Feds job description is to protect from asset bubbles. How Stewart-esque would is be to show the irony of not investigating this quasi-private agency that the government uses to protect from these things and putting them in charge of fixing the problem that they were one of the primary players in creating? The absurdity of that is immense. Or how about a funny bit about how the other engineers of this mess who are back in charge of fixing it on the governmental end? Summers, Ruben, Paulson and Giethner along with their Republican cohorts all lobbied to repeal glass-segal. This was done around the same time as Clinton’s Telecommunications act that put the media in control of 4 or 5 entities down from over 50. Another “deregulation” under the mantra of “free markets”.

CNBC is tool of Wall Street and Cramer is one of their sacrificial lambs. Let’s face it, Cramer already had a bad reputation as opposed to Santelli. So he was the obvious red meat to throw to the mob. Stewart is, whether intentionally or not, obfuscating the truth by distraction. CNBC and Cramer deserve ridicule but it’s only a side show to the real problems.

Stewart is part of the left wing media that is under the umbrella of “corporate media” which houses the lovely right wing media. These CORPORATE media personalities are all beholden to a few people with ties to other influential people in government and other industries. Some call it bad journalism, I call it corporately compartmentalized media with people of varying degrees of honesty and knowledge, strategically structured on a corporate level, with a corporate agenda. The agenda is not to inform or educate.

MSM will rot your brain.

[Arraya]

While I like the Daily Show and think they were hilarious in bashing Bushco over the last 8 years. He is still apart of the huge media entity that serves very little public service other than entertainment.

Why didn’t he do a montage of bad Federal Reserve calls instead of CNBC from over the years? You know they guys thats job it is to PROTECT from asset bubbles. They could put Greenspans speech up with him encouraging ARMs in 04 and juxtapose it with showing that the Feds job description is to protect from asset bubbles. How Stewart-esque would is be to show the irony of not investigating this quasi-private agency that the government uses to protect from these things and putting them in charge of fixing the problem that they were one of the primary players in creating? The absurdity of that is immense. Or how about a funny bit about how the other engineers of this mess who are back in charge of fixing it on the governmental end? Summers, Ruben, Paulson and Giethner along with their Republican cohorts all lobbied to repeal glass-segal. This was done around the same time as Clinton’s Telecommunications act that put the media in control of 4 or 5 entities down from over 50. Another “deregulation” under the mantra of “free markets”.

CNBC is tool of Wall Street and Cramer is one of their sacrificial lambs. Let’s face it, Cramer already had a bad reputation as opposed to Santelli. So he was the obvious red meat to throw to the mob. Stewart is, whether intentionally or not, obfuscating the truth by distraction. CNBC and Cramer deserve ridicule but it’s only a side show to the real problems.

Stewart is part of the left wing media that is under the umbrella of “corporate media” which houses the lovely right wing media. These CORPORATE media personalities are all beholden to a few people with ties to other influential people in government and other industries. Some call it bad journalism, I call it corporately compartmentalized media with people of varying degrees of honesty and knowledge, strategically structured on a corporate level, with a corporate agenda. The agenda is not to inform or educate.

MSM will rot your brain.

[Arraya]

While I like the Daily Show and think they were hilarious in bashing Bushco over the last 8 years. He is still apart of the huge media entity that serves very little public service other than entertainment.

Why didn’t he do a montage of bad Federal Reserve calls instead of CNBC from over the years? You know they guys thats job it is to PROTECT from asset bubbles. They could put Greenspans speech up with him encouraging ARMs in 04 and juxtapose it with showing that the Feds job description is to protect from asset bubbles. How Stewart-esque would is be to show the irony of not investigating this quasi-private agency that the government uses to protect from these things and putting them in charge of fixing the problem that they were one of the primary players in creating? The absurdity of that is immense. Or how about a funny bit about how the other engineers of this mess who are back in charge of fixing it on the governmental end? Summers, Ruben, Paulson and Giethner along with their Republican cohorts all lobbied to repeal glass-segal. This was done around the same time as Clinton’s Telecommunications act that put the media in control of 4 or 5 entities down from over 50. Another “deregulation” under the mantra of “free markets”.

CNBC is tool of Wall Street and Cramer is one of their sacrificial lambs. Let’s face it, Cramer already had a bad reputation as opposed to Santelli. So he was the obvious red meat to throw to the mob. Stewart is, whether intentionally or not, obfuscating the truth by distraction. CNBC and Cramer deserve ridicule but it’s only a side show to the real problems.

Stewart is part of the left wing media that is under the umbrella of “corporate media” which houses the lovely right wing media. These CORPORATE media personalities are all beholden to a few people with ties to other influential people in government and other industries. Some call it bad journalism, I call it corporately compartmentalized media with people of varying degrees of honesty and knowledge, strategically structured on a corporate level, with a corporate agenda. The agenda is not to inform or educate.

MSM will rot your brain.

[Arraya]

While I like the Daily Show and think they were hilarious in bashing Bushco over the last 8 years. He is still apart of the huge media entity that serves very little public service other than entertainment.

Why didn’t he do a montage of bad Federal Reserve calls instead of CNBC from over the years? You know they guys thats job it is to PROTECT from asset bubbles. They could put Greenspans speech up with him encouraging ARMs in 04 and juxtapose it with showing that the Feds job description is to protect from asset bubbles. How Stewart-esque would is be to show the irony of not investigating this quasi-private agency that the government uses to protect from these things and putting them in charge of fixing the problem that they were one of the primary players in creating? The absurdity of that is immense. Or how about a funny bit about how the other engineers of this mess who are back in charge of fixing it on the governmental end? Summers, Ruben, Paulson and Giethner along with their Republican cohorts all lobbied to repeal glass-segal. This was done around the same time as Clinton’s Telecommunications act that put the media in control of 4 or 5 entities down from over 50. Another “deregulation” under the mantra of “free markets”.

CNBC is tool of Wall Street and Cramer is one of their sacrificial lambs. Let’s face it, Cramer already had a bad reputation as opposed to Santelli. So he was the obvious red meat to throw to the mob. Stewart is, whether intentionally or not, obfuscating the truth by distraction. CNBC and Cramer deserve ridicule but it’s only a side show to the real problems.

Stewart is part of the left wing media that is under the umbrella of “corporate media” which houses the lovely right wing media. These CORPORATE media personalities are all beholden to a few people with ties to other influential people in government and other industries. Some call it bad journalism, I call it corporately compartmentalized media with people of varying degrees of honesty and knowledge, strategically structured on a corporate level, with a corporate agenda. The agenda is not to inform or educate.

MSM will rot your brain.

[kewp]

[quote=davelj] Inside information is probably the most overrated “advantage” in the financial markets. [/quote]

You should read “Fortune’s Formula”.

If can glean even a slight edge, via inside information, you can generate phenomenal returns.

However, I suspect what you are discussing is the fact that much ‘inside’ information is actually bogus. Which may be true, but I wouldn’t exactly consider it ‘inside’ then.

[kewp]

[quote=davelj] Inside information is probably the most overrated “advantage” in the financial markets. [/quote]

You should read “Fortune’s Formula”.

If can glean even a slight edge, via inside information, you can generate phenomenal returns.

However, I suspect what you are discussing is the fact that much ‘inside’ information is actually bogus. Which may be true, but I wouldn’t exactly consider it ‘inside’ then.

[kewp]

[quote=davelj] Inside information is probably the most overrated “advantage” in the financial markets. [/quote]

You should read “Fortune’s Formula”.

If can glean even a slight edge, via inside information, you can generate phenomenal returns.

However, I suspect what you are discussing is the fact that much ‘inside’ information is actually bogus. Which may be true, but I wouldn’t exactly consider it ‘inside’ then.

[kewp]

[quote=davelj] Inside information is probably the most overrated “advantage” in the financial markets. [/quote]

You should read “Fortune’s Formula”.

If can glean even a slight edge, via inside information, you can generate phenomenal returns.

However, I suspect what you are discussing is the fact that much ‘inside’ information is actually bogus. Which may be true, but I wouldn’t exactly consider it ‘inside’ then.

[kewp]

[quote=davelj] Inside information is probably the most overrated “advantage” in the financial markets. [/quote]

You should read “Fortune’s Formula”.

If can glean even a slight edge, via inside information, you can generate phenomenal returns.

However, I suspect what you are discussing is the fact that much ‘inside’ information is actually bogus. Which may be true, but I wouldn’t exactly consider it ‘inside’ then.

[afx114]

Good point arraya. These anchors are all answering to a higher power. Another interesting twist to this plot is the fact that the NBC overlords instructed Olbermann and Maddow not to mention the Cramer skewer the following day, and they didn’t. On NBC/MSNBC, it was as if the interview hadn’t even happened. These hosts are the leftiest of the left, and they couldn’t even stand up to their corporate bosses on this issue. And you wonder why we turn to ‘Comedy Central’ for news — even Olbermann doesn’t have the balls.

[afx114]

Good point arraya. These anchors are all answering to a higher power. Another interesting twist to this plot is the fact that the NBC overlords instructed Olbermann and Maddow not to mention the Cramer skewer the following day, and they didn’t. On NBC/MSNBC, it was as if the interview hadn’t even happened. These hosts are the leftiest of the left, and they couldn’t even stand up to their corporate bosses on this issue. And you wonder why we turn to ‘Comedy Central’ for news — even Olbermann doesn’t have the balls.

[afx114]

Good point arraya. These anchors are all answering to a higher power. Another interesting twist to this plot is the fact that the NBC overlords instructed Olbermann and Maddow not to mention the Cramer skewer the following day, and they didn’t. On NBC/MSNBC, it was as if the interview hadn’t even happened. These hosts are the leftiest of the left, and they couldn’t even stand up to their corporate bosses on this issue. And you wonder why we turn to ‘Comedy Central’ for news — even Olbermann doesn’t have the balls.

[afx114]

Good point arraya. These anchors are all answering to a higher power. Another interesting twist to this plot is the fact that the NBC overlords instructed Olbermann and Maddow not to mention the Cramer skewer the following day, and they didn’t. On NBC/MSNBC, it was as if the interview hadn’t even happened. These hosts are the leftiest of the left, and they couldn’t even stand up to their corporate bosses on this issue. And you wonder why we turn to ‘Comedy Central’ for news — even Olbermann doesn’t have the balls.

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