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Jon Stewart is destroying Jim Cramer
- Thread starter koam
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GenericPseudonym
Banned
polyh3dron said:
On the other hand CSH did a lot better than most financials.
I thought the segment last week covering CNBC's various personalities and the the amount of blatant brown-nosing they did to the financial sector, ignoring warning signs right down to the very last minute, covered it pretty well. It's not as if this interview is the first and only coverage TDS has provided of the issue.PantherLotus said:
polyh3dron
Banned
aaaaand you missed the point (or more likely, deliberately focused on another part of the video). good job.GenericPseudonym said:
faceless007
Member
I kinda feel insulted that the commercials for TDS are these shitty movies about the Playboy mansion and something about a mall security guard with Seth Rogen.
GenericPseudonym
Banned
polyh3dron said:
I understand that Cramer was telling us to profit off the suffering of others, but really is that anything new? He miscalculated that the Fed could handle the problem.
Stewart's laymen argument is very naive.
Unless you're hand picking individual stocks for your retirement fund (stupid) most of your money will be in pension funds/mutual funds which are not run by laymen. Unless Stewart's argument is that financial reporting is not doing their duty with reporting to these investment professionals (I'm sure they all watching Mad Money for tips), he really has nothing to stand on.
About being able to tell the financial collapse would happen, do you know anyone who thought housing prices could drop 50% two years ago? And if someone told you that housing prices would drop 50%, would you believe them? What proof would you need to believe them? Now think about what kind of proof they could have presented two years ago that would be able to convince you.
The people who could do all these things, they would have kept it to themselves, and not went on stupid cable networks like CNBC, and made a shitload of money on it. AKA, people who are not perma bears who always predict doom gloom (Hey did you hear America will collapse in the next year, this guy Jim Rogers on CNBC told me). AKA, people like John Paulson who made over 5 billions dollar profit for his investors by shorting the housing market.
I think the lesson to learn from the last mess of two years, is buyer fucking beware.
Unless you're hand picking individual stocks for your retirement fund (stupid) most of your money will be in pension funds/mutual funds which are not run by laymen. Unless Stewart's argument is that financial reporting is not doing their duty with reporting to these investment professionals (I'm sure they all watching Mad Money for tips), he really has nothing to stand on.
About being able to tell the financial collapse would happen, do you know anyone who thought housing prices could drop 50% two years ago? And if someone told you that housing prices would drop 50%, would you believe them? What proof would you need to believe them? Now think about what kind of proof they could have presented two years ago that would be able to convince you.
The people who could do all these things, they would have kept it to themselves, and not went on stupid cable networks like CNBC, and made a shitload of money on it. AKA, people who are not perma bears who always predict doom gloom (Hey did you hear America will collapse in the next year, this guy Jim Rogers on CNBC told me). AKA, people like John Paulson who made over 5 billions dollar profit for his investors by shorting the housing market.
I think the lesson to learn from the last mess of two years, is buyer fucking beware.
SouthernDragon
Member
GaimeGuy said:
Oh dear god
I feel no pity for him now
I saw him as just a buffoon
Dear god
faceless007
Member
GenericPseudonym said:
Of course it's not new. It's business as usual for the financial services. That's the fucking problem.
PantherLotus
Professional Schmuck
faceless007 said:
But then you realized his audience is 16-30 year old males that like to watch comedy central, play videogames, and smoke pot. And it all made sense.
PantherLotus said:
I've give you a nice news flash, the people working for a financial network, DO NOT KNOW THE GAME INSIDE AND OUT, and do not believe them when they say they do. They are just glorified talking heads that read bloomberg wirelines much like most other cable news.
Do you really think the people who do know the game inside and out will be working in cable news? Are you that naive.
BlueTsunami
there is joy in sucking dick
ymmv said:
I'm a minute in and I'm already squirming
Phoenix
Member
GaimeGuy said:
Very difficult to call it journalistic integrity when Stewart is himself guilty of some of the same things Cramer is. Stewart didn't find out about the 'shenanigans' of Cramer yesterday and he could have called them on it a while back. This isn't to say that he shouldn't have done it, but to claim him as high on integrity would be a huge stretch.
PantherLotus
Professional Schmuck
FlightOfHeaven said:
Yeah, that's bad. What a fucking pig.
Huzah said:
That was also the policy people had to live buy as consumers who bought products from companies, until JFK signed the Consumer Bill of Rights Act, which gave people the right to choose, to be heard, to be informed, and to safety.
Buyer beware my ass: These are people's finances we're talking about, and it doesn't just affect people who opt in to playing with money in the stock market.
polyh3dron
Banned
That's not his responsibility though. He does a comedy show.Phoenix said:
Quite a few major publications noticed the ballooning house prices. Many expected shit to hit the fan when the bubble popped.Huzah said:
People were also aware that the increasingly securitized credit system made banks feel invincible and started operating on the idea that somebody who couldn't make regular payments could make them more money than somebody who could.
Not many put the two together though.
If that's what you take out of this then you haven't learned a fucking thing.
DrForester
Kills Photobucket
Defiantly a hard interview for Cramer, but I wouldn't say it was quite as harsh as Stewart on Crossfire.
What I mean is his interviews call out a lot more bullshit than legitimate journalist's interviews do. That's not right.Phoenix said:
I suppose journalistic integrity isn't the right descriptor for it.
But then again, Stewart doesn't claim to be a journalist, or to have any integrity with regards to stuff like this. When he hears that some people get their daily news from watching his show, he expresses disappointment and is critical of those people for using his program as their source of information. That's what he SHOULD do.
The quality of his interviews stand out BECAUSE of how poorly the people who are considered as REAL journalists conduct them, not because of how good stewart is as a journalist or at calling people out.
faceless007
Member
WTF? Are you high? When has Jon Stewart ever urged people to invest their money in whatever the fuck he says, insists that he knows how to navigate the intricacies of any market and claimed to be any sort of authority on anything?Phoenix said:
Stewart is first and foremost a media critic. All he does it takes what media figures say and juxtaposes it with reality, whether they're politicians, pundits or financial analysts. That doesn't give him any special insight, and he doesn't claim to have any. That alone gives him much more integrity than the douchebags on CNBC.
Freshmaker
I am Korean.
Good to know that worthless loudmouths recognize their own.GenericPseudonym said:
Ninja Scooter
Member
damn Stewart ended Cramer's career. That shit was vicious.
BlueTsunami
there is joy in sucking dick
Tamanon said:
Something, something, monkey :lol I just remember Jon calling Mr.Bowtie a monkey
I forget what was exchanged as words but I need to watch it again
Also, what made that video so uncomfortable was Cramer trying to appease Jon and the crowd by renouncing what he did and trying to vindicate himself.
GenericPseudonym
Banned
Cramer's sin in that interview was pretending to be that which he is not. Fundamentally there is nothing wrong with short selling so he is stupid for trying to say he's against it. To Wall Street it was a game, and this once in a lifetime tsunami has cast that in doubt. Surely it will return once this has ended. Why Cramer damages his reputation by claiming otherwise is annoying.
Look, I'm no fan of anyone shirking personal accountability/responsibility in any situation but the economy is a complex beast and the problem here is that people like Santelli broadly badmouthing homeowners who got blindsided by this as "losers" and trying to absolve himself of any guilt in the process is of course no better. It's not the way out of this mess and it demonstrates no awareness of how to actually rebuild and prevent the same thing in the future.GenericPseudonym said:
Phoenix
Member
Shiggie said:
Lets see, he JUST did it - he JUST called Cramer out. Were we watching the same show?
Did he discover that Cramer was doing this two weeks ago when the shot the show? I don't think so. So logically it would seem that he could have been able to call him out sooner - like last year.
So what exactly are you saying?
stewart doesn't CLAIM to have any of that kind of responsibility though! as I mentioned, he criticizes people for using his show as their source of daily news, and does not consider it his responsibility, NOR SHOULD HE, as his show is about COMEDY.Phoenix said:
polyh3dron
Banned
There is something wrong with abusing the system by foreseeing a tax payer bailout and trading recklessly under such an assumption.GenericPseudonym said:
BlueTsunami
there is joy in sucking dick
Colbert taking on Ayn Rand, Stewart taking this on. Its a crazy time.
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