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March 12, 2009 at 7:54 pm
I think it’s on in 2 hours. You with your fancy schmantzy East Coast feed.
March 12, 2009 at 8:23 pm
for all the hate that people give the daily show (because their people make themselves easy targets often) get over it already. the show actually IS very smart at times. who else has even thought of doing anything like this or would have the cajones to do it?
March 12, 2009 at 10:37 pm
Wow. That was brutal. Jim Cramer either made a huge mistake or just started a different TV-business-news career. He got crucified and the whole cable-business-news industry with him. I expected Stewart do a hatchet job, but I wasn’t prepared for the intelligence and populism he brought to it. And Cramer exposed the whole they’re-all-in-the-same-bubble problem with business news when he talked about trusting the people at Bear Stearns and Wachovia because he had known them so long.
I honestly think Jon Stewart changed the nature of business news tonight. Don’t look for anybody in suits to be calling homeowners losers on CNBC again.
March 13, 2009 at 6:32 am
Stewart absolutely demolished Cramer/CNBC. And rightfully so.
March 13, 2009 at 6:40 am
Stewart at his best. And to think there are chumps (including one person that appears on this board from time to time) who watch this business news crap all day and consider themselves expert stock pickers because of it.
March 13, 2009 at 6:42 am
It looked staged and I turned the channel…Stewart helped out CNBC by raising Cramer’s Profile – equals eye balls, ratings. Mission Accomplished…I Just couldn’t help it.
March 13, 2009 at 6:54 am
well maybe if you’d have actually watched the whole thing you could have made a real judgment. but you didn’t, so you can’t.
stewart didn’t just indict cnbc and business news, but the entire news business with this.
it’ll be interesting to see how many times fbn plays this today. they’d better be careful though. because if they abuse it… well, let’s just say karma’s a b****!
March 13, 2009 at 7:11 am
For once, we agree with smh, about the beatdown Stewart gave that freak.
But Joe? That righteous beatdown has nothing whatsoever to do with calling out deadbeats who had no right getting fraudulent mortgages and then dumping their messes on the rest of us.
March 13, 2009 at 7:23 am
Yes, boogiewoogie, this whole subprime mortgage crisis was caused by the evil poor people who tried living the American dream.
There is no way possible it could have been caused by predatory lending, right? Right? A lot of the people caught up in this crisis COULD afford their mortgage payments before their rate went sky high. Forgive these poor people for not having an attorney to go over the fine print for them. They were told by their scuzball mortgage brokers and banks they could afford it. Even when the banks and mortgage brokers knew they couldn’t. The lenders make the determination to extend credit, not the lendee. So unless you have proof of widespread (I’m not talking a few bad apples) fraud on the part of the less affluent homeowners, I’d shut up.
You Republicans are really something, I tell you.
March 13, 2009 at 7:27 am
BW, yeah it does. It isn’t the real sentiment behind Santelli’s tirade – that some people applied for and got unrealistic loans – it’s the tirade itself. Some guy in a business suit on TV yells that homeowners are losers, then turns to a room full of traders for agreement. In a climate in which the CNBC suits and the traders he’s corralling were in collusion with the idiots that ran this racket, it’s pretty stupid. Which is why you won’t see it again.
And you can’t put it all on the borrowers. Many of them were sold a bill of goods; that the market was unstoppable, which is essentially what Cramer said it looked like, and you could always sell or refinance in a couple of years, so…no worries. Nobody told those borrowers the market was rigged.
March 13, 2009 at 7:38 am
smh, there’s a lot of blame to go around, and that includes with people who took our mortgages they couldn’t afford.
It also lies with the predatory lenders, and the members of Congress who were supposed to provide oversight & didn’t. Especially those who spoke out repeatedly about how strong Fannie Mae & Freddie Mac were….when they were corrupt & failing.
The media that failed to report this nonsense also deserve blame.
March 13, 2009 at 7:49 am
Nobody debates that there’s plenty of blame to go around, but what did you think of the show, Red? Check it out at the website if you haven’t seen it. I will be stunned if Cramer goes back to his bells & whistles shtick after this. He got slaughtered. It was like watching Dan Quayle debate Lloyd Bentson.
March 13, 2009 at 7:55 am
I honestly think Jon Stewart changed the nature of business news tonight. Don’t look for anybody in suits to be calling homeowners losers on CNBC again.
I thought it was a load of crap. Why do people elevate Stewart this way? It makes him look important and sage when the reality is he’s just an opportunistic leech.
It’s easy to beat up on the business news industry now. Where was Stewart before he had that ammo? As he said, signs were there but nobody was doing anything, including him. Polls show more people watch Stewart for news than they do other sources. So where the hell was he? Why didn’t he speak up?
You can’t single one group out for this. Everyone is to blame, from the government, to the business sector, to the investors who tried to make money off this, to the media. And Stewart needs to be taught that lesson. I think Cramer should have taken him on head to head instead of turtling like that.
March 13, 2009 at 8:08 am
“when the reality is he’s just an opportunistic leech.”
Wow. Tell us how you really feel.
Anyhow, if you were to ever watch Jon Stewart on a regular basis, you would know that Stewart skewers the media every single day on his show, business news or otherwise.
And let’s not forget that Jon Stewart is the host of a COMEDY show. He is not a news anchor. However, he says things that a lot of “real” news anchors will not say, but should.
Once again, I think this is your own political biases shining through. Jon Stewart is part of the progressive movement, whether he knows it or not.
March 13, 2009 at 8:10 am
I don’t think it’s fair to say Stewart should have known better, too. He’s not a journalist. His point is that the people who SHOULD have sounded the alarm didn’t. And to say the anger he displayed last night – the anger for common folks like myself who don’t understand the machinations of Wall Street – was that of an oppurtunistic leech is too cynical. He’s genuinely pissed and so am I.
March 13, 2009 at 9:00 am
And let’s not forget that Jon Stewart is the host of a COMEDY show. He is not a news anchor.
All the more reason for straight people to not show up on his show and add an air of legitimacy to what is essentially a comedy program. This is akin to the politicians and DC media types fawning over Imus a few years ago.
He’s not a journalist.
Then he shouldn’t be making broad assumptions based on his limited knowledge of the situation.
He’s genuinely pissed and so am I.
Fine. He’s pissed. So am I. But I want a legitimate debate and discussion regarding what’s happened. We didn’t get that last night. What we got last night was a cowboy taking shots at a whipping post.
March 13, 2009 at 11:55 am
Oh, boohoo. A sentient adult should have at least some idea of whether or not he’s able to carry a mortgage and all of the costs associated with owning a home. But between greedy self-entitled people and the likes of Barney Frank and the Clinton Administration who pressured banks into giving loans to people who were not qualified.