Is anyone watching Jon Stewart DISMANTLE CNBC right now?

[wndycty]

He has just shown how FUCKED up Santelli and Cramer were with their financial advice. How often they got it wrong. . .its BRUTAL.

They thought it was going to be bad if they let Santelli on the show, well it can't get any worse than this.

[The Velveteen Ocelot]

1. Don't miss this!

[wndycty]

5. I see a response, a conference call is probably happening with CNBC's public relatins team. . .

. . .right now.

[pinto]

2. Thanks for the heads up. I'm usually not up very late. Will check it out.

:hi:

[PopSixSquish]

3. Damn Was it Good for You Too?

Smoke 'em if you got 'em


I think I need a cold shower....

[burythehatchet]

4. HAH I beat you by 1 minute!

[wndycty]

6. LOL its all about love

:kick:

[MadBadger]

11. And I beat you by 1 minute

:P

[Johonny]

7. Once again TDS has more real news than

the "real" news. Why do people listen to these fake financial experts? It's like getting your global warming science from James Inhofe.

[wndycty]

8. Now he is bashing WALL STREET it is continuing. . .

. . .WOW he is just killing the financial press and WALL STREET in general.

[PopSixSquish]

12. Jon Just Eviscerated All of Them

CNBC should have let Slick Rick on the show, it would have been better for them.

[valerief]

9. "Why not implant the stock ticker right over President Obama's face?"

Love it!!!!

[wndycty]

10. Yup, CNBC would have been better off sacrificing Santelli

WOW!

[jillan]

59. That cracked me up because it is sooooo true.

[City Lights]

13. It was a thing of beauty!

Exposed cnbc for the sick joke it is.

[Gregorian]

14. My god he's hitting his stride!

He took Santelli's "bailing out" and turned it into a one man monologue that I've never seen him do before.

The hypocrisy just can't hide from Jon.


And Santelli as Howard Beale. I'm mad as hell... phoniness.

Brilliant. Just brilliant. He has kept me sane for ten years.

[wndycty]

15. I will be watching that over and over. . .

. . .LOL

[firedupdem]

16. This is one of the best ever. He is making them look like the

total scam artists they are. Perfect!

[trashcanistanista]

17. OH. MY. GOD!

He is just not letting it go! He just ripped the whole system a few new ones.

[trashcanistanista]

18. AIG means

Always Invest in Garbage!

[Gregorian]

23. It was like Cliff's notes on the economic meltdown.

In 30 minutes I gained more insight than everything I've read about it.


Stewart and his writers are from heaven.

[firedupdem]

32. It really was! I admit I don't understand a lot of this stuff and he made

it really clear!

[wndycty]

19. Its 24 minutes into the program and he is STILL SWINGING on Santelli with his guest. . .

. . .it won't let up.

I think the damage control folks at CNBC are in for a long night.

[Supersedeas]

64. classic

[valerief]

20. Damn, I have to stay up until 1am because I missed the start. I have to see this whole show!

[wndycty]

21. It is well worth it and I'm thinking tonights MOMENT OF ZEN could be magical. . .

LOL

[rolltideroll]

22. Pwned Bitches

There is going to be a lot less eye contact at the CNBC studios tomorrow. I couldn't even show up after that.

[wndycty]

25. As I said, their corporate communications folks are in for a long couple of days. . .

...this must go viral.

[jasmeel]

24. It's awesome!! Rate this up for others! They really point out how

they're trying to pair Obama with the bad economy- which makes me want to scream.

[ShortnFiery]

26. Oh yeah!

BEAUTIFUL. :-)

[BrklynLiberal]

27. Brilliant does not even begin to describe Stewart.

[autorank]

28. Truly amazing. His best work.

Made crossfire look bad. And Joe Nocera was great!!!!!!!!!

[johnfunk]

37. This is the episode that will win them another Emmy.

Bet on it.

[sudopod]

29. That was sexy

lulz

[progressoid]

30. And Colbert is continuing with Glenn Beck!

It's great!

[Cleita]

31. That was a thing of beauty. His guest too was very informative. n/t

[wndycty]

33. And I bet he is saving up to take another swing at Limbaugh too

:kick:

[lostnotforgotten]

34. Any Video Yet?

eom

[wndycty]

35. Nope

:kick:

[progressoid]

50. Full episode here:

http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220250

[Blue_Tires]

53. thanks!

[ogminlo]

36. Simply outstanding!

I think that is the best Daily Show I've ever seen- and you know that's saying something. The depth of the satire was sublime. The montage of CNBC's bad advice was excellent and the commentary/interview was equally sharp.

That'll teach Santelli to chicken out! And I'm so glad he did...

[ogminlo]

41. And the Moment of Zen was the cherry on top!

Jim "Retarded Psychopath" Cramer ranting about how Obama is ruining everything by not governing to the tune of the stock markets. After all his failed prognostications... Bittersweet.

I am equal parts thrilled and depressed.

[bvar22]

38. Best segement EVER..!!!

AND one of the best shows ever.

The CNBC Clip is pure gold.
Laughing and Crying at the same time.

We ARE well and truly FUCKED!

[Edgewater_Joe]

39. Y'know Somethin'? I'm Listening to CNBC Tomorrow!

They're gonna be PIIIIIIIIIIIISSSSED!

Can't wait!

[AngryOldDem]

43. Nah.

It will be just more whining from the bastions of the great unmoneyed. To Santelli, it will be justification for his Chicago Tea Party bullshit. "Poor people just whining because they're broke, because it's their own damned fault."

CNBC really can't be bothered with the likes of The Daily Show. If anything, it will get a snarky comment from Mark Haines and Erin Burnett before they move on to an ass-kissing interview with the AIG CEO.

[Historic NY]

40. that needs to get played over & over

[AngryOldDem]

42. I love the disclaimer CNBC runs whenever Cramer's on.

It seems the network can't distance itself enough from that guy.

[starroute]

44. Nocera's AIG column is discussed in another recent thread

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x59190

Joe Nocera's recent column in the New York Times does an excellent job of explaining how this worked:

The regulatory arbitrage was even seamier. A huge part of the company’s credit-default swap business was devised, quite simply, to allow banks to make their balance sheets look safer than they really were. Under a misguided set of international rules that took hold toward the end of the 1990s, banks were allowed use their own internal risk measurements to set their capital requirements. The less risky the assets, obviously, the lower the regulatory capital requirement.

How did banks get their risk measures low? It certainly wasn’t by owning less risky assets. Instead, they simply bought A.I.G.’s credit-default swaps. The swaps meant that the risk of loss was transferred to A.I.G., and the collateral triggers made the bank portfolios look absolutely risk-free. Which meant minimal capital requirements, which the banks all wanted so they could increase their leverage and buy yet more “risk-free” assets. This practice became especially rampant in Europe. That lack of capital is one of the reasons the European banks have been in such trouble since the crisis began.

At its peak, the A.I.G. credit-default business had a “notional value” of $450 billion, and as recently as September, it was still over $300 billion. (Notional value is the amount A.I.G. would owe if every one of its bets went to zero.) And unlike most Wall Street firms, it didn’t hedge its credit-default swaps; it bore the risk, which is what insurance companies do.

It’s not as if this was some Enron-esque secret, either. Everybody knew the capital requirements were being gamed, including the regulators. Indeed, A.I.G. openly labeled that part of the business as “regulatory capital.” That is how they, and their customers, thought of it.

[NorCalDem]

45. Yep, and people worried...

that TDSwJS and Colbert wouldn't have material once Bush left office :)

[SideshowScott]

46. That...was the greatest Daily Show ever!

Im one half an hour we witnessed Jon & Co destroy a cable network. Wow just wow. It was brutal, well researched and very on point. I guess that is why it did not air on monday. It seemed very well prepared.
It was a amazing show

[Missy Vixen]

47. If I can figure out the embedding on the CC site

(which has evaded me thus far,) I'll be posting that on my blog in the morning.

I think everyone should watch it.

Jon Stewart did the same thing to CNBC he did to "Crossfire" -- in other words, shut off the lights, the party's over...

[wndycty]

49. Here is the direct link

http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

[JohnTheMechanic]

48. Santelli and Cramer

Both bought and paid for political hacks of the right winged.

[blogslut]

51. Full Episode is up on Hulu

It was brilliant.

[underpants]

52. CLASSIC!! *VIDEOS* here

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5189584&mesg_id=5189584

[BlooInBloo]

54. Segment is up on HuffPo, AmericaBlog, and probably everywhere else...

For example:
http://www.huffingtonpost.com/2009/03/05/jon-stewart-eviscerates-c_n_172057.html


My gawd - he absolutely KILLED them.

[Initech]

55. Fucking classic. Stewart really tore CNBC a new one.

[Blue_Tires]

56. just watched it...fuckin' AWESOME

that honda commercial i had to sit through 3 times is sucktastic, though...

[burythehatchet]

60. Dude has been on fire for two weeks.

Worried about Santana?

[Blue_Tires]

62. nah, he'll be back to form sooner than we think...

[burythehatchet]

63. Hope you're right. He pitches so many innings I suspect they may just want to

save his arm in the spring and have those innings available for October.

[catzies]

57. Remeber how Jon singlehandedly effectively ended Crossfire?

This could be like that again, because CNBC "hurts America."

One of the Best. Daily Shows. Ever.

[Ganja Ninja]

58. That was beautiful. n/t

[screembloodymurder]

61. Brilliant!

My favorite was the Stanford interview. They had one of the biggest crooks in the world on the show and kissed ass, when they should have been kicking ass. They looked foolish beyond words, but Stewart found a way to make them look even worse.