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John Stewart vs. Jim Cramer and CNBC - Page 6

post #76 of 105
[quote=Slopho;1851625]quote=JoeWoah;1851494]Blah blah blah, cut the "I hate Stewart because I'm posturing like a fake iToughGuy Conservative manly-man Top on the Internet" stuff. Go to www.thedailyshow.com and watch Cramer snivel like a little bitch and let Stewart put it wherever he wants to! [b]It's a sad commentary on the state of the TV news media that the hardest journalism and best interviews are being done by a "comedian".
Quote:
+1
I couldn't resist the color commentary.
post #77 of 105
+1000

A comedian being the only journalist in the entire country with integrity is a very sad reflection on our society.
post #78 of 105
I can't say I like Stewart's personality, but that montage was devastating to CNBC. The shot of Cramer's face falling on the morning show as his lie is exposed? Priceless.
post #79 of 105
Jon Stewart tore him to pieces. I'll have to make sure my father watches the repeat, he'll love it.
post #80 of 105
I used to watch TDS every day for a few years, but I stopped around 2 years ago. I just don't enjoy it like I used to, and I have had better things to do. However, the past week displays that there are still some people that get it.

Maybe Jon Stewart isn't a highly reputable investigative reporter, but at least he can shine the light on the investigative reporting gap in financial news. And Cramer is only partially to blame here, but I respect the man for trying to stand up for himself. The rest of the talking heads only report on Stewart's reporting instead of trying to do real reporting of their own. Even though what we see on the surface during the last week's "War" between Stewart and Cramer is for ratings and comedy, at the end of the day, the joke is on us. There is no substantive financial reporting, and Stewart is just calling out CNBC since they claim to be the center for financial news.
post #81 of 105
Quote:
Originally Posted by Augusto86 View Post
I think you got it backwards, man. The social commentary is occasionally relevant - although really, I'd call it media commentary. Essentially, Stewart is like a very talented court jester for the media and to a degree, the political establishment - he mocks, belittles and shows its absurdities and ironies, but it's also his meal ticket and his raison d'etre, and he knows it.
That's certainly a reasonable point, one which I think Stewart himself has commented on several times. For instance when worrying that the show would run out of content after Bush left The White House.

What hooks me on the show is the deconstruction of recent events, which really is the heart of the show. As you put it, "he mocks, belittles and shows its absurdities and ironies". It's an exaggeration of reality, but there is truth in it.
post #82 of 105
Stewart is not a dumb guy. He's a comedian, so he probably doesn't know what he's talking about half the time, but he's not stupid. This is a really well-done interview, despite the frequent cutting to tape... so much of cable news interviews is talking points and yelling over people who rather than answer the question begin their response with "I think" and then go off on a tangent. Jon really does hammer Cramer pretty hard on this stuff, but it never devolves into anything but holding feet to the fire. http://movies.crooksandliars.com/TDS...9.wmv?mid=7552 More of the interview is supposed to be posted on their website today.
post #83 of 105
Quote:
Originally Posted by JD_May View Post
Stewart is not a dumb guy. He's a comedian, so he probably doesn't know what he's talking about half the time, but he's not stupid. This is a really well-done interview, despite the frequent cutting to tape... so much of cable news interviews is talking points and yelling over people who rather than answer the question begin their response with "I think" and then go off on a tangent. Jon really does hammer Cramer pretty hard on this stuff, but it never devolves into anything but holding feet to the fire.

http://movies.crooksandliars.com/TDS...9.wmv?mid=7552

More of the interview is supposed to be posted on their website today.

The whole interview is on thedailyshow.com. The cutting to tape and whatnot is probably just the raw footage that we aren't used to seeing because it usually gets edited out.
post #84 of 105
I find it amusing that Jon Stewart is complaining that CNBC didn't accurately predict this financial crisis. Nobody did and hindsight is 20/20. I lost complete respect for Jon Stewart in that interview last night. I know he is a comedian but you can treat people with a basic level of respect. To say it is CNBC job to monitor the financial institutions in this country is ridiculous. If you want to get onto somebody go blame Congress or better yet blame the people who made these decisions. It was just a really gross publicity stunt.

And his little rant about CNBC being more entertaining than actual journalism. Well, I don't know of any news show that is actual journalism these days. Everything is entertainment. People who base their investment decisions off of a tv show can't really complain that they lost money. If you want to complain go hire an investment advisor and pay people for their advisor. Maybe this downturn will teach people that if you don't have a basic understanding of the financial markets and can't analyze any information on your own then you probably shouldn't be investing in the stock market.
post #85 of 105
Quote:
Originally Posted by dlion0721 View Post
I find it amusing that Jon Stewart is complaining that CNBC didn't accurately predict this financial crisis. Nobody did and hindsight is 20/20. I lost complete respect for Jon Stewart in that interview last night. I know he is a comedian but you can treat people with a basic level of respect. To say it is CNBC job to monitor the financial institutions in this country is ridiculous. If you want to get onto somebody go blame Congress or better yet blame the people who made these decisions. It was just a really gross publicity stunt.

And his little rant about CNBC being more entertaining than actual journalism. Well, I don't know of any news show that is actual journalism these days. Everything is entertainment. People who base their investment decisions off of a tv show can't really complain that they lost money. If you want to complain go hire an investment advisor and pay people for their advisor. Maybe this downturn will teach people that if you don't have a basic understanding of the financial markets and can't analyze any information on your own then you probably shouldn't be investing in the stock market.

I see where you are coming from, but his argument is that CNBC touts themselves as the defacto source for financial news. They are the self proclaimed experts. Yet, according to Stewart's theory that Cramer confirms, CNBC "journalists" and commentators and reporters knew that Wall Street was manipulating the market. Stewart then attacks saying that CNBC has the duty to report on these kinds of dubious practices instead of reporting on the record profits the banks are making.

The markets cannot self-correct when there is so much informational asymmetry. If people knew what was really happening, not only would we have avoided this mess, but we wouldn't be forced to swallow the impending regulations that will result.
post #86 of 105
Quote:
Originally Posted by dlion0721 View Post
I find it amusing that Jon Stewart is complaining that CNBC didn't accurately predict this financial crisis. Nobody did and hindsight is 20/20.
I did back in 2003 as did many others in the Econ policy arena. All the predictors were there and yes, I have have the policy papers to prove it. I called for the downturn to really hit in '05 and I was correct. At that point the market was being artificially propped up by housing and creative market instruments with a giant rotting cavity in the middle. If you sold out before Summer of '06, you did pretty well, anything beyond that was a crap shoot. As for the rest of your post, so sad. Have you kissed Rush Limbaugh's pinky ring today? I can't say CNBC is to strictly blame, nor is Cramer. While the channel can't be taken too seriously for a number of reasons far and beyond what Stewart pointed out, it did present the daily business news. The first rule of investing is to never take a stock tip, so if these new, young, hip investors with too little time to do their own research did then that's their own problem to an extent (laws were broken, lies were told, etc...). The tools and resources were out there and they still are. Besides, any real trader knows to watch Bloomberg, CNBC is all flash and no balls.
post #87 of 105
Quote:
Originally Posted by dlion0721 View Post
I find it amusing that Jon Stewart is complaining that CNBC didn't accurately predict this financial crisis. Nobody did and hindsight is 20/20. I lost complete respect for Jon Stewart in that interview last night. I know he is a comedian but you can treat people with a basic level of respect. To say it is CNBC job to monitor the financial institutions in this country is ridiculous. If you want to get onto somebody go blame Congress or better yet blame the people who made these decisions. It was just a really gross publicity stunt.

And his little rant about CNBC being more entertaining than actual journalism. Well, I don't know of any news show that is actual journalism these days. Everything is entertainment. People who base their investment decisions off of a tv show can't really complain that they lost money. If you want to complain go hire an investment advisor and pay people for their advisor. Maybe this downturn will teach people that if you don't have a basic understanding of the financial markets and can't analyze any information on your own then you probably shouldn't be investing in the stock market.


-1
post #88 of 105
i would like stewart better if he didn;t toss softballs at liberals and lick the balls of the john kerrys of the world.
post #89 of 105
Thread Starter 
Quote:
Originally Posted by thekunk07 View Post
i would like stewart better if he didn;t toss softballs at liberals and lick the balls of the john kerrys of the world.

Have you forgotten what its like to get your balls licked? It's what every politian lives for.
post #90 of 105
Quote:
Originally Posted by JoeWoah View Post
I did back in 2003 as did many others in the Econ policy arena. All the predictors were there and yes, I have have the policy papers to prove it. I called for the downturn to really hit in '05 and I was correct. At that point the market was being artificially propped up by housing and creative market instruments with a giant rotting cavity in the middle. If you sold out before Summer of '06, you did pretty well, anything beyond that was a crap shoot. As for the rest of your post, so sad. Have you kissed Rush Limbaugh's pinky ring today? I can't say CNBC is to strictly blame, nor is Cramer. While the channel can't be taken too seriously for a number of reasons far and beyond what Stewart pointed out, it did present the daily business news. The first rule of investing is to never take a stock tip, so if these new, young, hip investors with too little time to do their own research did then that's their own problem to an extent (laws were broken, lies were told, etc...). The tools and resources were out there and they still are. Besides, any real trader knows to watch Bloomberg, CNBC is all flash and no balls.
I'm sorry but why does my post mean that I need to kiss Rush Limbaugh's pinky ring. My post had absolutely nothing to do with my political beliefs. I believe in personal accountability and not blaming news stations for our financial collapse. I find that ridiculous. It's sad that I believe that if you want to blame people blame the leaders of the banks, other financial institutions, the people who bought homes by lying about how much they made, Congress, the SEC, GWB, etc. etc. etc. Don't go around on a publicity stunt by blaming CNBC. If you must know I'm not a conservative at all and if there is one journalist in this country I despise more than any other it is Rush Limbaugh. Every economist and financial advisor in this country wants to say they predicted this financial collapse. I find that pretty unbelievable. They also want to state that they knew all the risks associated with these CDO's but then when asked to explain what one is they can't even do that.
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