Stewart morphed into a populist avenging angel this week, demanding to know why CNBC and its most manic personality, Jim Cramer, failed to warn the public about the risky Wall Street conduct that triggered the financial crisis.
Cramer has told colleagues he felt blindsided by Stewart's hostile approach. But many CNBC staffers were furious with Cramer on Friday for failing to defend the network's reporting or to criticize Stewart's video clips as selectively edited or out of context.
If you missed the interview it's available in three parts on Comedy Centrals site. That was some awkward fun...eh? Way to kick some douchebag derriere. Cramer just sat there and took his medicine. He's clearly shaken that his fellow libtard Dems have turned on him.
Anybody else but me think it's sad to see that it has fallen to the comedians to hold people accountable these days......
3 comments:
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: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron with 30 plus years in the investment business and banking industry.
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