Jon Stewart may have become the force that makes people look at CNBC and Wall Street suspiciously

[DainBramaged]

rather than as the source of financial information and wealth. I just finished the uncensored interview with Cramer, and I got to tell you, he basically disassembled the network rather than Cramer.


Good for him. Fuck the MSM. And Jon Stewart should have gotten the Tonight show slot.

[AndyA]

1. I think there will be major changes at CNBC in the coming months.

They have been exposed as a less than honest resource for financial advice.

[dixiegrrrrl]

15. I sent them this e-mail....

Now that most of the world has seen this video,
http://www.youtube.com/watch?v=ZWVmlxhk-tU
( the Jim Cramer admitting to illegal selling video)

and saw the Daily show, CNBC holds no credibility for me on any topic, especially finances.
The only way CNBC could display less credibility
( or more contempt for viewers )
would be to continue the Fast Money show.

[dkf]

2. I wish Jon Stewart would do more pieces on financial education

Everything is so complex nowadays. Its mind boggling.

[KharmaTrain]

3. Source Of Information???

Yes, Jon gave Greed Central the treating it deserved...long, long overdue.

Cramer isn't the problem, just the face of a network that has long been known as the "Capitalist Tool"...cheerleading the markets and all but looking the other way to all the warning signs and corruption that was happening right on their own airwaves. While some may think Cramer's admission of hedge fund manipulation (well he comes thisclose to admitting it) wasn't the real killer in this piece, but the fact that a Cramer and many others on that network knew about the "creative" accounting that was going on...how a company could trade at 35:1 multiples and these guys thought that was all fine and good. They expected prices to rise forever and the games got more crooked as times went by.

Too bad Jon didn't go onestep further...to ask Cramer how many of these brokers and even CEOs paid to get on Greed Central to lie about their company and stocks...using the network to manipulate their prices. For the past decade, many companies detached their actual earnings to their stock prices...gambling through "projections" and other PR games to drive their stock prices higher with little real basis for those increases...other than getting on Greed Central and touting how their stock was a great buy...and the orders flowed in.

It's a shame that its taken this long for the mask to be ripped off this scam of a network...it's not like this has been a recent event, they did this back with the dot com boom in the 90's and no one dared to point a finger in that direction. Kudos to Jon Stewart for not sugar coating this important story...exposing the truth and I give Cramer props for facing the music and trying to defend the indefensible.

The real shame is that noone in the corporate media would have touched this story...fearful of the power of GE and "the street". Our corporate media protecting one of its own. Jon just cemented his role as the Murrow of our generation...this was his "sir, don't you have any decency moment" last night (and it's not the first nor the last). Thank goodness for having such a voice and conscious...and kudos to Viacom for giving him the freedom to show how the video emperor really wears no clothes.

[Enthusiast]

5. Great post, Karma Train

This little expose by Stewart illustrates just how one sided the media has become. It is so completely one sided that this very story will largely be ignored.

Again, the media is our greatest challenge.

[DainBramaged]

11. I think JS took the interview far enough, let someone else carry the ball now

And someone will carry the ball. CNBC is an OPEN SORE, TIME TO PICK AT THE WOUND.

[KharmaTrain]

13. If There's A Focus on Greed Central...not on the Personalities

I credit both Stewart and Cramer for trying to keep the focus away from the personalities and onto the network and financial "reporting" in general. Lou Doobies did the same thing for years until he became totally unhinged. The bottom line is not only did these networks decieve, they did so willingly and profitted handsomely from it.

Yes, keep picking at the wound...but don't let the corporate media try to bandage it over as a paper cut. Time to dig at the root of the infection.

Cheers...

[Orsino]

4. At least until they get bored with manufactured controversy...

...and return to obeying their TVs.

Be glad, though, that Stewart didn't get Tonight. We're learning much more this way.

[MessiahRp]

9. I agree

The Tonight Show is an entertainment show that would really focus far less on what Stewart focuses on. For that I am incredibly happy that Conan O'Brien is in that slot because I find him highly entertaining. Stewart and Colbert are useful in both an entertaining and informational way to the public and I wouldn't want them off the air or somehow not doing their schtick for anything.

Rp

[City Lights]

6. Thank gawd Jon Stewart didn't get the Tonight Show slot.

No way NBCBGB would have allowed him to expose CNBCBGB that way he did on Comedy Central.

[lame54]

7. When Cramer tried to rise up - he slapped him down with...

"As Carly Simon said - This song ain't about you"

and he kept COMPLETE control of the interview - Brilliant

[Beetwasher]

8. That's The Single Greatest ASS WHOOPING I've EVER SEEN!!

:wow:

[MessiahRp]

10. This was the single greatest TV moment since Keith started his "Special Comments".

That first batch of Special Comments were pretty shocking to hear if you recall, back then since nobody in the media was calling anybody in Bushco out. Before that Stewart's destruction of Tucker Carlson and Crossfire was the big turning point moment on TV. And if you think about it in the past 8 years, those were the moments that truly stand out in people's minds. The moments where someone in the media got it right and called out the total bullshit, the hypocrisy, or the scandals that were swept under the MSM carpet.

Hopefully moments like these will be an everyday occurance rather than a once every few years flash.

Rp

[DainBramaged]

12. Hanninazi, Limpballs and O'Liely WISH they got this kind of buzz

and accolades.

[liskddksil]

14. Colbert at the White House Correspondents Dinner in April 2006

is another one I could add to that list as he was doing in in front of Bush.

[MessiahRp]

16. You're right...

That is another moment that belongs on that list. Notice though that it's always the same group of people that speak truth to power and even though there is a ton of buzz surrounding what they say the rest of the media never catches on?

Rp

[liskddksil]

17. Yep comedians and proven liberals like Rachel and Keith

[Kalyke]

18. And when Wes Clark whipped David Asman on Faux News.

Also, when Robert Gibbs took down Sean Insannity.

[MessiahRp]

20. As nice as those were they're not in the same league...

I forgot entirely about the Clark-Asman fiasco... I think taking someone down on Fox News while gratifying for the left, is quickly forgotten just because of the insane slant of that network and the fact that people expect incredible propaganda on it. So when the left scores a few points on there, it's interesting but it's a few specks of hope in a channel that is a tidal wave of lies.

Rp

[ddeclue]

19. No Jon should have gotten the DAN RATHER spot instead of clueless Katie...nt

[truebrit71]

21. Cramer is only part of the problem..they are ALL paid-for cheerleaders except for David Faber...

..he is the only one that does anything that even remotely resembles "journalism"...

Interestingly the overnight CNBC crews from Asia and Australia are signinficantly better than their US counterparts...maybe because they are not on during US business 'primetime' and therefore fill the hours with analysis and discussion rather than blaring dramatic music and flashy graphics that pollutes the airwaves when Wall St trades...