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 Post subject: Stewart v. Cramer
PostPosted: Fri Mar 13, 2009 11:46 am 
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frostingspoon
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Anyone catch the Daily Show last night?

Full interview is up at Daily Show's website.

Recommended viewing for those who believe in responsible journalism, accountability and those who would disagree with it when it comes to making money regardless of the consequences.


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PostPosted: Fri Mar 13, 2009 11:52 am 
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This whole serious of DS about the market and its corrupt cheerleaders has been amazing. This has been truly serious journalism of a quality and impact unlike anything in the past few months.

Beyond the heavy substance and principled outlook of Stewart's humor through all this series of "explorations" of systemic greed, it was bizarre to see Cramer grovel and shake with really nothing to offer in defense.

Brilliant.

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PostPosted: Fri Mar 13, 2009 11:54 am 
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my only problem with this interview is that stewart's real problem is the whole system of financial reporting, but he's laying it all on cramer. and cramer has tons of faults. he deserves a lot of the digs that were taken at him. but he's not solely responsible for this whole mess.


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PostPosted: Fri Mar 13, 2009 12:00 pm 
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Z Wrote:
my only problem with this interview is that stewart's real problem is the whole system of financial reporting, but he's laying it all on cramer. and cramer has tons of faults. he deserves a lot of the digs that were taken at him. but he's not solely responsible for this whole mess.


He took on Cramer because he chose to make a issue out of it. He was the scapegoat, but is just as guilty as the rest of the "sucking at the Wall St. teet" financial reporters.


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PostPosted: Fri Mar 13, 2009 12:34 pm 
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harry Wrote:
it was bizarre to see Cramer grovel and shake with really nothing to offer in defense.



Yeah. I'd only been aware of this "fued" through a couple brief mentions on some newsites and I expected there to be at least some sort of debate given this guys tv persona.

He really had nothing and even went so far as to accept a lot of blame.


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PostPosted: Fri Mar 13, 2009 1:18 pm 
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i enjoy this but stewart's argument that cnbc should be some sort of tool for the public good is kind of silly really. television by and large is a wasted medium that could theoretically be an incredible resource. it's all garbage and if you listen to it for financial advice you are an a-1 moron.

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PostPosted: Fri Mar 13, 2009 1:29 pm 
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I think Cramer was the absolute scapegoat, the person Jon Stewart could vent to... but I think the real people he wanted there were the people running CNBC and calling the shots. It was extremely uncomfortable to watch and at points I even felt sorry for Cramer, but that quickly left when I remembered that many many many people take his advice as gospel and lost everything they had because of it.


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PostPosted: Fri Mar 13, 2009 1:43 pm 
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Sanchez Wrote:
I think Cramer was the absolute scapegoat, the person Jon Stewart could vent to... but I think the real people he wanted there were the people running CNBC and calling the shots.

yeah, i don't like cramer at all, but it's not like anyone else from cnbc stepped up to take the bullet. so cramer deserves some props for actually going on the show.


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PostPosted: Fri Mar 13, 2009 1:52 pm 
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it's very similar to the crossfire episode. . . stewarts' not out of line by asking msnbc (and financial journalists as a whole) to hold lyin'/spinnin' ceo's feet to the fire rather than buying their b.s. and acting, as stewart said, like a "dew-eyed innocent" when the truth comes out and the whole thing comes crashing down. that's why guys like cramer get paid--because they're supposed to be able to separate the wheat from the chaff.

i was talking to a friend the other night about how journalism and what one reads/watches is becoming an echo chamber. . . the conservatives watch foxnews and read conservative blogs (stories from which i occasionlly get forwarded and shake my head at) and the same happenes on the left, too. there's not a lot of unbiased, show-both-sides reporting anymore because it doesn't get ratings. ideology being applied to the news story du jour seems to be the trend.

it's not a big epiphany for me, but it seemed like a good place to interject that comment.

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PostPosted: Fri Mar 13, 2009 1:58 pm 
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News has always been ideological. Just ask Colonel McCormick.

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PostPosted: Fri Mar 13, 2009 3:10 pm 
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I am getting little joy out of watching stewart go after such an easy, resigned target.

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PostPosted: Fri Mar 13, 2009 5:01 pm 
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Elvis Fu Wrote:
News has always been ideological. Just ask Colonel McCormick.


Ding, ding, ding.

/puts down Arkansas Democrat-Gazette


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PostPosted: Fri Mar 13, 2009 5:19 pm 
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I'm not a financial wiz, nor do I really watch CNBC, but Cramer has definitely talked about overleveraging/FAIL banks, etc..

I just don't find this funny, informative, or having real worth.

Again, this is a massive crisis in confidence, built around an empire of sand.... in 2 years it won't be depression 2, it will be S&L 2.

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PostPosted: Fri Mar 13, 2009 5:22 pm 
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It was great. A Comedy Central program reminding "journalists" how to do their job.


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PostPosted: Fri Mar 13, 2009 6:05 pm 
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I thought this was epic stuff. Cramer was obviously uncomfortable, and got evasive at times, but took his lumps like a man. Stewart knew he had a scapegoat in front of him, and treated him rather gently, all things considered.

I was reminded of "Defending Your Life" for some reason.

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PostPosted: Fri Mar 13, 2009 6:11 pm 
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mugwump67 Wrote:
took his lumps like a man


indeed. i though he handled himself pretty well all things considered.

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PostPosted: Fri Mar 13, 2009 6:41 pm 
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How did anyone take Jim Cramer seriously enough for him to make a difference in this grand scheme?

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PostPosted: Fri Mar 13, 2009 6:52 pm 
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Kingfish Wrote:
How did anyone take Jim Cramer seriously enough for him to make a difference in this grand scheme?


Although Stewart picked out Cramer and had the goods on him, it was the whole of CNBC's credibility with which he had an issue as he mentioned in the interview.


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PostPosted: Sat Mar 14, 2009 9:39 am 
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seafoam Wrote:
Kingfish Wrote:
How did anyone take Jim Cramer seriously enough for him to make a difference in this grand scheme?


Although Stewart picked out Cramer and had the goods on him, it was the whole of CNBC's credibility with which he had an issue as he mentioned in the interview.
Kornheiser convinced me to lay $20 on the Knicks. I hope Stewart goes after ESPN next.


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PostPosted: Sat Mar 14, 2009 9:49 am 
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This guy is Black Putin Wrote:
seafoam Wrote:
Kingfish Wrote:
How did anyone take Jim Cramer seriously enough for him to make a difference in this grand scheme?


Although Stewart picked out Cramer and had the goods on him, it was the whole of CNBC's credibility with which he had an issue as he mentioned in the interview.
Kornheiser convinced me to lay $20 on the Knicks. I hope Stewart goes after ESPN next.


:roll: what a typical sporthole's analogy


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PostPosted: Sat Mar 14, 2009 10:59 am 
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hey i saw that sports betting movie with Matthew Machoney, and movies are true, and if you keep making wrong predictions you get death threats and lose your job and get the shit kicked out of you.

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PostPosted: Sat Mar 14, 2009 11:54 am 
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Kingfish Wrote:
How did anyone take Jim Cramer seriously enough for him to make a difference in this grand scheme?


I've been in seminars full of investors and more than once heard a question that began "Jim Cramer says..."

Now to the speaker on stage's credit, they dismiss using someone on TV as a guide but you are fighting an uphill battle of Reason vs. Someone on TV in that instance.

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PostPosted: Sat Mar 14, 2009 11:59 am 
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Senator Lou Gar Wrote:

I just don't find this funny, informative, or having real worth.

Again, this is a massive crisis in confidence, built around an empire of sand.... in 2 years it won't be depression 2, it will be S&L 2.




How can making someone uncomfortable on TV not be worth something? I mean, come the fuck on, are you that dead inside? (don't answer that)

As to your second point, if this is S&L2....memo to Obama admin. and Secretary Turbo Tax Timmay: plz set up RTC v.2 immediately so the investors can buy up some of this real estate and begin the healing plz thx.

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PostPosted: Sat Mar 14, 2009 12:02 pm 
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Yail Bloor Wrote:
I've been in seminars full of investors and more than once heard a question that began "Jim Cramer says..."
.


I don't doubt that Cramer has credentials, but everyone should have a healthy distrust for what they learn on tv. Especially when it's being yelled at you.

"I better buy Kramerica because this guy that I don't know sure is excited about it."

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I tried to find somebody of that sort that I could like that nobody else did - because everybody would adopt his group, and his group would be _it_; someone weird like Captain Beefheart. It's no different now - people trying to outdo ! each other in extremes. There are people who like X, and there are people who say X are wimps; they like Black Flag.


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PostPosted: Sat Mar 14, 2009 12:05 pm 
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Not to hijack, but did anyone happen to catch the Glenn Beck special on American Values(my grandparents are visiting and my house is foxnews central right now)?

SCARY, and unintentionally hilarious.

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I tried to find somebody of that sort that I could like that nobody else did - because everybody would adopt his group, and his group would be _it_; someone weird like Captain Beefheart. It's no different now - people trying to outdo ! each other in extremes. There are people who like X, and there are people who say X are wimps; they like Black Flag.


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