This is for those of you who have been out of the country, don't watch the Daily Show (the best damned news program out there), or have avoided CNBC since Cramer "went five bid for a half a million shares of Citigroup and got hit back in 1990. (PS--if you're out of the country, the Hulu clips below won't work. Sorry. Blame the copyright people who want you to be surprised when our re-runs air in your country a year later.)
You may remember my post about Rick Santelli's Chicago Tea Party a couple of weeks ago. Well, it turns out I wasn't the only one who thought that clip was pretty entertaining. Unfortunately for Mr. Santelli, the Daily Show found it to be a hilarious case of populism on cable news.
As you may remember from Jon Stewart's destruction of the bow-tied Tucker Carlson, the Daily Show takes a dislike to what they consider to be real journalists not doing their jobs. In that vein, they aired this clip attacking the quality of CNBC:
This launched the "week-long feud of the century" as commentators, journalists, and bloggers defended the side of their choice. All of this led up to JIM CRAMER......ON THE DAILY SHOW:
My personal favorite quotes:
3) "I want the Jim Cramer on CNBC to protect me from that Jim Cramer."
2) "I understand you want to make finance entertaining, but it’s not a fucking game."
...and of course....
1) 'These guys at these companies were on a Sherman’s march through their companies, financed by our 401ks. And all the incentives of their companies were for short-term profit. And they burned the fucking house down with our money and walked around rich as hell. And you guys knew that was going on!"
What astounds me the most is that Cramer sits back and takes it all calmly. How did that happen?
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