"It's not a fucking game."
By the time you read this, media outlets and bloggers alike will be abuzz about the end of Jim Cramer's career in the hands of The Daily Show.
For an idea of what went on last night: "Look, nobody's asking for them to be a regulatory agency. But can't -- whose side are they on?" Stewart asked Cramer at one point. "It feels like they have to reconcile: Is their audience the Wall Street traders... These guys at these companies were on a Sherman's March through their companies financed by our 401Ks... And they burned the fucking house down with our money and walked away rich as hell and you guys knew that that was going on."
If you haven't seen it yet, go watch the unedited interview right now on Hulu or TDS's website. Better yet, watch the segments that led up to this TDS v. CNBC feud, then watch the interview as the finale. Go ahead -- I'll wait.
Done? Now, to be fair to Cramer, he handled the interview a touch better than Tucker Carlson (of Crossfire fame) did. It's also unfair of Stewart to skewer Cramer for the failings of financial journalism as a whole, let alone the collapse of the markets -- that's something we all played a part in, although some certainly had a larger role than most.
But that's where the line ends, and I certainly withhold any sympathy for the man. I don't see this as career-ending, but should he be out of the job in the future, he already has plenty of cash to fall back on. His laymen audience, however, will have to deal with the consequences of his antics.
He deserves no remorse, and should you disagree and feel that he spoke sincerely about reform during the interview, here's a clip that will serve as the final nail in his coffin:
"Disingenuous at best and criminal at worst," indeed. Good riddance.
For an idea of what went on last night: "Look, nobody's asking for them to be a regulatory agency. But can't -- whose side are they on?" Stewart asked Cramer at one point. "It feels like they have to reconcile: Is their audience the Wall Street traders... These guys at these companies were on a Sherman's March through their companies financed by our 401Ks... And they burned the fucking house down with our money and walked away rich as hell and you guys knew that that was going on."
If you haven't seen it yet, go watch the unedited interview right now on Hulu or TDS's website. Better yet, watch the segments that led up to this TDS v. CNBC feud, then watch the interview as the finale. Go ahead -- I'll wait.
Done? Now, to be fair to Cramer, he handled the interview a touch better than Tucker Carlson (of Crossfire fame) did. It's also unfair of Stewart to skewer Cramer for the failings of financial journalism as a whole, let alone the collapse of the markets -- that's something we all played a part in, although some certainly had a larger role than most.
But that's where the line ends, and I certainly withhold any sympathy for the man. I don't see this as career-ending, but should he be out of the job in the future, he already has plenty of cash to fall back on. His laymen audience, however, will have to deal with the consequences of his antics.
He deserves no remorse, and should you disagree and feel that he spoke sincerely about reform during the interview, here's a clip that will serve as the final nail in his coffin:
"Disingenuous at best and criminal at worst," indeed. Good riddance.
posted by Jason at 2:46 AM
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