Jon Stewart Rips Into Jim Cramer Again (VIDEO)

by V.A. Caminiti – The Almost Daily Binx

Cramer is on TV everyday, just like his colleague Erin Burnett – the empty dress next to his empty suit. She’s on CNBC plays guest on many NBC properties to provide analysis just like Cramer. Except, they just restate (the stalling lawyer technique) what others have said for the most part and never, generally, say anything. Perfect. This dynamic duo is the television equivalent of the nutritional warning against consuming empty calories. And notice that Cramer takes credit for telling everyone to sell – this is his defense for telling everyone to buy Bear Stearns 15 minutes before it tanked.

What is sad – it is our fault. The American public. We voted against our best interests in 2000 and 2004 and we’ve stood for ideologues and demagogues making their home on our TVs and radios without exercising our unique power as free market capitalists. Because we’re not free market capitalists, were automatons that do precisely what Madison Avenue tells us to do. That is until recently.

So let Cramer, Burnett and Karl Rove duke it out with Jon Stewart, who has done more for free speech and advanced thinking in ten years than NBC has done in it’s entire existence. That’s not to say that there aren’t some highlights since the days of Marconi – but seriously, Jon Stewart’s bully pulpit is the sound-stage of a comedy show on the comedy channel, and Jim Cramer is screeching from NBC’s global distribution.
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Read the Article at HuffingtonPost


One Response

  1. Jon Stewart handed Cramer his arse!

    Watch the Unedited Interview

    Wall Street is supposed to have an early warning system that if something is amiss it will self correct in time to avoid a collapse of the system. That early warning system is known as price action. In other words, the trading price of Citigroup, Merrill Lynch, Lehman Brothers, Bear Stearns, Freddie Mac, Fannie Mae and AIG should have begun a downward trajectory years ago as these firms loaded up on leveraged junk. There is only one possible scenario to explain why this did not happen: trading in the market was rigged. That is the root of the problem which Jon Steward is getting to with his questions.

    Now thanks to Jim Cramer, the public now knows how easy it is for an insider to manipulate the market and get a stock prices to move up or down. Jon Stewart has opened the floodgates. Let the hearings begin.

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