Thursday, March 19, 2009

CNBC: Madmen with Money

John Stewart has been taking CNBC, the self-proclaimed "financial experts", to task for their failure to report on the economic crisis and providing faulty financial advice. Such as Cramer advising people to invest in Bear Stearns weeks before the firm went under.

CNBC and others, most notably right-wing Republicans, have been firing back at Stewart saying that he was "unfair" and to "suggest that the business media or CNBC was responsible for what is going on now is absurd."

Get more info and full videos of the interview after the jump!!!


As usual, the right wing misses the point. What Stewart is saying is how could the media outlets who cover, investigate and report on financial institutions have missed this crisis? Well, the answer, simply is that they were in bed together.

He points out, like all media outlets, the journalists at CNBC can't trash the people they get their sources from. If they want insider info from a CEO and financial people, they wouldn't be able to blow the whistle about what was going to happen. Instead, they keep cheerleading, like Cramer did. So, they lead people to invest in corporations that were about to go belly-up by using information given to them by the bankrupt corporations... and they aren't to partly to blame for what happened????

The Daily Show With Jon StewartM - Th 11p / 10c
Jim Cramer Unedited Interview Pt. 1
comedycentral.com
Daily Show Full EpisodesImportant Things w/ Demetri MartinPolitical Humor


The Daily Show With Jon StewartM - Th 11p / 10c
Jim Cramer Unedited Interview Pt. 2
comedycentral.com
Daily Show Full EpisodesImportant Things w/ Demetri MartinPolitical Humor





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