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TDS Jon Stewart and Jim Cramer - The Interview

[defunct] Tyrsis says...

Just to throw in my two cents.

Let me preface this by saying I love Jon Stewart and the daily show, but I felt this was just a crucifixion. Jon even started the show by showing how much he prepared for this (in a comedic fashion), yet if you saw how Cramer went on shows previously to talk about the interview, that he was nervous as he didn't know what to expect. (Martha Stewart, etc)

I think my biggest problem was that he pulled out "clips" of Cramer saying this or that, and then went on to just basically bury the poor guy about it. He deserved it in a sense, but I doubt Cramer is a billionaire that needs to be pounded like he was. Jon's biggest beef is with how the market "orchestrates" things, and somehow put that gigantic blame on Cramer, or that at least he should expose that. All Cramer could do was agree with him -- everyone is in bed with one another in terms of financial dealings, which I'm sure most of us understand to some extent. He even pointed out that from '99 to '07 they were pulling in 30% gains year over year. Those were great years. Yet not realistic. That wasn't Cramer's fault or even Wallstreet. It's easy to have hindsight after the fact, which is the small point that Cramer meekly tried to make, which is true. The market is now correcting itself, and it sucks. All those gains you made, have to go away now, because they weren't "real".

I guess it's interesting that he nailed some guy that is involved in the financial industry, but come on, nail someone who's worth nailing. I guess it's a start though -- I hope he continues pushing the financial industry. Perhaps they'll send someone in who can actually debate properly

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