Jim Cramer of CNBC’s ‘Mad Money’ appeared on the ‘Daily Show’ with Jon Stewart last night. Jon verbally gave Jim Cramer a slap in the face by confronting him with the crap that Mr. Cramer has been spewing for years…
Jon Stewart did a mighty fine job at telling Jim Cramer what smart people think of him… Good job Jon!
You can watch the interview in the three video clips shown below..
PART 1
PART 2
PART 3
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Jon Stewart said what SO many want to say. Enough with the financial news networks that are only about entertaining, not reporting. Get rid of the circus atmosphere, the market is crazy enough as it is.
There are so many observations of that interview I don’t know where to start.
First thing that comes to mind is those tapes of Cramer disclosing certain ‘techniques’ of his seem to be very incriminating and could have very serious consequencences unleashed on Cramer.(if you know what I mean)
Not everyone who works at CNBC or viewers here will remember the day the Community Reinvestment Act was signed and displayed on that show many years ago..lets just say there were quite a few nervous faces on the screen during the final handshaking and celebrations.(I for one remember it very well and right off the bat nervous and questionable about that particular day) This ‘little’ item was never brought up and seems to tie into a part of the banking deals intially and without question
Jon went easy on Cramer for me since he never really mentioned any of the overpriced stocks Cramer had ‘pumped’ in prior shows such as Las Vegas Sands(LVS)@ around $140 and Potash(POT)@ like $240…those are just a couple and there are others. Its pretty much well known about Cramer in the internet at least. I suppose he’s not alone in this attribute with or without the disclaimers prior to this type of show. Then again nobodys perfect.(likely excuse?)
Cramer did maybe an average job of weaseling out of this one interview. However, in court I don’t think it’d go so well.