No, not that Kramer, Jim Cramer from CNBC's Mad Money. If you haven't heard of this drama, then crawl out from under the rock you currently reside and take place in the debate over the role of cable financial news in our financial market. How much do they affect the market? According to Cramer (from his 2006 explanation of market manipulation), they can significantly affect the outcome of stock prices. I am under the impression that rumor creation and subsequent short-selling is illegal, but they get away with it because "the SEC doesn't understand it." Cramer's predictions are more entertainment than real financial advice (seen here, but not sure of the methods) as he himself alluded to in the Stewart interview.
Jon Stewart of 'The Daily Show' has formally challenged CNBC and Rick Santelli in a scathing assessment of their activities. Jim Cramer took offense and went on MSNBC's Morning Joe and participated in a 12 minute segment in which Scarborough went off on a "Stewart is a partisan hack" rant about his influence. Tucker Carlson did the same in a later interview. Sorry Tucker, but you remember what happened last time someone crossed Stewart in this fashion. Please tell me, who's the partisan hack? Leave ad hominem attacks at the door and discuss the issues.
CNBC is latent in responding to Stewart and Mr. Santelli hasn't appeared on The Daily Show. For that matter, neither has Joe Scarborough or Rush Limbaugh. Stewart wasn’t “turning his back on one of his own,” this is not a partisan attack on the Republicans, or an attack on Cramer, a democrat, because he "can't find fault in Obama;" these "attacks" are simply Jon Stewart calling a spade a spade and demanding an explanation. The following videos are worth the time.
Jon Stewart of 'The Daily Show' has formally challenged CNBC and Rick Santelli in a scathing assessment of their activities. Jim Cramer took offense and went on MSNBC's Morning Joe and participated in a 12 minute segment in which Scarborough went off on a "Stewart is a partisan hack" rant about his influence. Tucker Carlson did the same in a later interview. Sorry Tucker, but you remember what happened last time someone crossed Stewart in this fashion. Please tell me, who's the partisan hack? Leave ad hominem attacks at the door and discuss the issues.
CNBC is latent in responding to Stewart and Mr. Santelli hasn't appeared on The Daily Show. For that matter, neither has Joe Scarborough or Rush Limbaugh. Stewart wasn’t “turning his back on one of his own,” this is not a partisan attack on the Republicans, or an attack on Cramer, a democrat, because he "can't find fault in Obama;" these "attacks" are simply Jon Stewart calling a spade a spade and demanding an explanation. The following videos are worth the time.
- First, the original segment.
- "In Cramer We Trust" and "Buy Bear Sterns."
- Some anticipation (some more) and Colbert's bet on Cramer.
- The Daily Show segments: opening and Bernie "Made-off" guilty plea.
- The unedited interview: Part One, Part Two, Part Three.
- Here it is, your "Moment of Zen."
- And after, a little on short-selling.
- At least one member of the Republican Party is willing to admit these guys are entertainers.
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