Watch Cramer Die Right Before Your Eyes

Filed in National by on March 13, 2009

Thanks to a. price for the headline idea. I’d wear headphones for this as Comedy Central says it is uncensored.

Part 1

Part 2

Part 3

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A Dad, a husband and a data guru

Comments (16)

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  1. nemski says:
    March 13, 2009 at 7:44 am

    As I watched this last night, the one thing that I kept on remembering is that you never pick a fight with a comedian.

    The saddest thing about this was that it was a first round knock out and it went on for 15 rounds anyway.

  2. Dorian Gray says:
    March 13, 2009 at 7:51 am

    We capitalize your adventure.

    This is why, although the individual borrower has some culpability, these institutions ultimately must shoulder the most blame. Unfortunately these firms also have the resources to deflect the most blame on others.

    They knew that CDO/ABS, CDS, excessive leverage, huge overnight loans and shorts were very risky, but thye’re in it for short term gain, period.

    They sell one thing (long-term growth, retirement) and do another (short term tricks for big bonuses). It’s actually quite sickening.

  3. Dorian Gray says:
    March 13, 2009 at 7:56 am

    This reminded me of Stewart’s smack down of Tucker Carlson. Although he is a “comedian”, this wasn’t funny at all. As he said, “it’s not a fucking game”.

  4. jason330 says:
    March 13, 2009 at 8:06 am

    B
    R
    U
    T
    A
    L

  5. pandora says:
    March 13, 2009 at 8:07 am

    That was almost too painful to watch until I remembered Cramer and Co. deserved every thing Stewart gave them… and more.

  6. Unstable Isotope says:
    March 13, 2009 at 8:25 am

    Cramer should have just let the original segment lie. Instead he got his panties in a knot and escalated this. Almost everyone was watching last night, and the ones who didn’t will watch today. It just makes me sad that we have to rely on a comedian to be a voice for the people.

    Didn’t it seem a bit like a contrition tour, like when politicians get caught doing something wrong. Cramer was basically saying he was sorry and that Stewart was right. His only defense was that he was entertaining and the CEOs lied to him.

    My husband had trouble watching the show because it was just painful.

  7. El Somnambulo says:
    March 13, 2009 at 8:27 am

    As Stewart pointed out, this is not just about Cramer. You have a network masquerading as a financial news source which is really nothing more than a ‘tout service’ on a major network that attracts advertisers.

    Anyone who is surgically attached to their remote has stumbled across those football gambling tout shows on Saturday morning. Those with brains will stop and think, “Why are these bearded, sweaty men decked out in Las Vegas pawn shop couture willing to help make us rich for only $49.95 for the entire season?”

    The answer, of course, is they are looking to make themselves rich at your expense.

    CNBC doesn’t have to purchase time on low-rent UHF stations. They have the power of a media conglomorate and, of course, G “the parent company of CNBC” E.

    But they’re doing the exact same thing. They are not a financial news network. The people they bring on to tout their picks are merely better-dressed versions of the point-spread lowlifes promising guaranteed winners.

    And that’s what Stewart was saying and that needs to be covered by the MSM. If, indeed, ‘newspapers’ and ‘news’ stations are even about the news anymore.

    Without them, Comedy Central may, by default, become the #1 Source for News.

  8. a. price says:
    March 13, 2009 at 8:35 am

    “Without them, Comedy Central may, by default, become the #1 Source for News.”
    it has been for a while

    Unfortunately, they are beholden to Viacom. an even more evil super corp

  9. Dorian Gray says:
    March 13, 2009 at 8:42 am

    “Why are these bearded, sweaty men decked out in Las Vegas pawn shop couture willing to help make us rich for only $49.95 for the entire season?”

    Vegas Vic has your 15 star lock of the week… just call the smoke phone!!

  10. Brian Shields says:
    March 13, 2009 at 8:53 am

    CNBC fell into the same trap that NBC, CBS, CNN, newspapers, and every other type of traditional media fell into in the 2000’s.

    No investigative reporting.

    They got lazy, accepted the talking point driven 24 hour news cycle because it was cheap and financially sustainable, and are now surprised when they find out that America thinks they have no credibility.

    Wall St. just followed the same business model Washington did. Tell them what they want to hear because noone will look into it and call bulls#!t on it.

  11. Unstable Isotope says:
    March 13, 2009 at 9:07 am

    The TradMed has gone from real journalism to “access” journalism. I don’t know how reading from a company’s press releases is giving news. Stewart really nailed CNBC and he brought up a great point – they had the story right in their hands and they didn’t pursue it. Instead of taking home Emmies, Peabodies and Pulitzers they have become the butt of jokes.

    Brian, it’s so true. When everyone’s rich and happy they can easily get away with being a corporate cheerleader. That doesn’t mean they should!

  12. nemski says:
    March 13, 2009 at 1:11 pm

    James Fallows called the interview a slaughter.

  13. Brian Shields says:
    March 13, 2009 at 3:11 pm

    It was a very serious interview, and I give Cramer credit for having the balls to say he made mistakes, and own up to them.

    Again, the same with Limbaugh, he said he is trying to entertain a new generation into the market, he’s not a reporter or a journalist.

    He’s a personality. Limbaugh is a personality. Even Stewart is a personality.

    The problem is not that they aren’t reporting news, the problem is that we are treating these entertainers like journalists.

    It’s the same as wrestling folks. No different. Entertainment.

  14. Roy Munson says:
    March 13, 2009 at 7:42 pm

    Let’s hope Stewart goes after those meteorologists on the news that keep giving me bad predictions.

  15. Truth Teller says:
    March 14, 2009 at 12:39 pm

    W while back you folks had a clip on how fox news had a guy who predicted this crash at every turn and the poo poo him i wish you could run that again. If my memory servers me right it was around mid January that you ran it.

    Stewart did a insightful job. poor Cramer it was like watching Seinfeld

  16. xstryker says:
    March 14, 2009 at 1:25 pm

    If there wasn’t so much more important news to cover, I’d love to see Stewart take on the video game media. If you think political journalism and financial journalism are corrupted by cozying up the people they are covering, gamer publications (both print and online) take it to a whole new level. That’s why gamers have to turn to webcomics (particularly Penny Arcade) to get honest reviews – PA is basically the John Stewart of the gamer media.

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