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Jon Stewart And Jim Cramer Perfect Together!
Recently we witnessed the interview by Jon Stewart, comedian and host of Comedy Central’s Daily Show, a basic cable service program known for its send up of the news; of Jim Cramer, CNBC’s Mad Money man, the guy in whom, according to the cable financial news network we should put our trust.
Firstly, that the serious interview can only come on a comedy news program is almost a tragedy and says loads about where we are in this country concerning money matters.
Secondly, that only on a comedy show, and on a basic cable comedy show, is it being mentioned and even admitted this financial crisis was no accident but something those in the industry could see coming and have been building towards for more than 10 years, speaks to the deliberate ignorance and deceit in which the public is kept.
Thirdly, that these financial reporting experts, with their own financial experts not only knew what was going to happen, but planned it to happen, and then turned around and blamed the ordinary homeowners, the ordinary Americans who no one ever claimed or expected should be knowledgeable in finances–that’s why they trust experts–while taking none of the blame themselves, speaks of unmitigated gall, indecency and should arouse, but for some reason does not, true outrage.
The average American is so financially astute that there are many people who can not make correct change from a dollar when the item costs thirty-nine cents. There are unprecedented numbers of people who do not have a clue about the economy, or banking which is the way certain people in our society like it.Back to the ground breaking eye-opening interview about this current money crisis. Stewart nailed it when he stated Cramer, CNBC and all the financial news reporters and economic experts knew this bubble could not last. They knew it would come to an end at some point. They just did not know when. So they rallied everyone who could to continue to invest in shaky instruments for unrealistic rewards and profits.
Cramer said he did not know Bear-Stearns was going to go under. He says he expressed concern when the stock price dropped to forty; but false assurances from a top Bear Stearn s CEO who knew better, a man whose word Cramer says he trusted and therefore this CEO’s words justified his faith that the end of the rally was not near.
Cramer ran a hedge fund several years ago. He knows the ins and outs of the money business. Cramer knows how the money was stolen, where the bodies are buried and who the criminals are.
We are grateful to Jon Stewart for taking a stand against the money guys who ripped us off. We are glad he’s let them know and the news agencies that are supposed to be asking the questions on our behalf, that we know they were all complicit in their complacency if not in their enthusiastic support of the theft that took place. When it comes to Ponzi scheme thievery Madoff is small time compared to some of these guys .
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