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I'm pretty sure he has producers and researchers on his show too, though I could be wrong. Bottom line is if Cramer didn't know what he was in for, that's on him.
Are they writers of his show and do they conduct all the info gathering, Stewart has a 3 man writing team. I don't know if you consider booking people to the equivalent of stewarts team.
I'm pretty sure he has producers and researchers on his show too, though I could be wrong. Bottom line is if Cramer didn't know what he was in for, that's on him.
Why are you arguing this stuff, dont get it. He is just a person who got caught lying, got caught on TV doing it, do you think if he had more staff/ writers he could somehow change that fact?
No. He just seemed sadly ill-prepared for this -- moreso than would be expected from a former reporter and lawyer and investment banker who has had his own TV show for the better part of a decade. Add to that any handlers that would be expected for such a person, and it's even weirder. I guess I was expecting more spin than actually occurred. In that respect it was refreshing.
Cramer CNBC are corporate employees, are entertainers, not journalists.
All of their fake news is only to sell ads to other corps, NOT to expose themselves and corps as frauds and crooks.
Follow the money, and TV's money comes from ads sold. Ain't nothing pro bono, no independent crusaders and investigators.
Cramer ain't no singular bad apple. The system, democracy, is corrupt and totally controlled by corporations and capitalists.
So the US should move to next level, with regards to politics?
What is that, boutons_?
Come clean. For once in your life.
Smegma, what's the "next level" and GFY
I agree with you _boutons. It would be much better if the government controlled all media. I will make that happen. Just another part of my war against corporations and eeeevill capitalists.
"much better if the government controlled all media"
interesting idea. Pull it out your ass or is that a Repug "principle"?
boutons...LOLOLOLOLOLOLOLOL.
Missed you man!
jon stewart is a show killer
ever wonder what happened to crossfire?
....goodbye mad money.
CNBC and Mad Money audience meters both dropped in the "highly valued" 25-49 segment.
If either one had been predicting this financial disaster like Nouriel Roubini and a couple others did with great accuracy, they would have gained credibility and audience, but they were nothing but, we should assume knowledgeable, cheerleaders for the financial sector, so they are, as Stewart pointed out, as guilty as the financial sector.
The most interesting part of what Cramer said was basically that not only are all these guys his friends, but also to some he owes his early employment in the financial sector. And so he never really examined their claims or investigated anything they said. He claims he just assumed they would all tell him the truth.
Cramer is not clean hear.
But what happened here was a classic case of attacking the messenger instead of the message.
Santellini and Cramer spoke out against the administration, boom Rich and Stewart attacked.
Here's Cramer warning of the economic collapse and warning bernanke.
Here's CNBC playing cheerleader..<sarcasm>
Jim Cramer even here saying that people should be put to prison for the collapse, before Stewart takes claim for it.
http://www.youtube.com/watch?v=gXhv8-PE-1k
The court jester usually gets away with alot more than royal advisors.
Santellini and ( Cramer to a lesser extend) got attacked for specific statements they made, which had little/ nothing to do with the policy's of Obama administration. If you want to say that the reason behind the attacks is their critic of the Obama camp, that's fine, but that is your unfounded opinion, not some kind of fact, as you try to present it. Boom.
If one googles the words "real estate bubble" one can see the progression of the idea that housing prices went on an unsustainable path.
It starts in one real estate periodical in 2005 or so, then progressed into a few more trade journals, then progressed to some of the business press, and got picked up by the mainstream press in early 2007ish.
I kinda thought it was unsustainable starting around in 2006, when some in the business press started asking some rather important questions.
The more I found out, the more alarmed I was.
I think that some kind of nastiness was around the corner was obvious to a lot of people, just not to the people who could have acted to prevent it.
I would refer to a really good article in the Economist about efficient markets:
http://www.economist.com/finance/dis...ry_id=13240822
Basically, the market can be irrational, and can outlast one's ability to keep one's job, if that person was contrarian and a CEO. Any CEO that didn't buy into the fad, was thought to have been an underperforming wussy.
On the downside it also can stay irrational longer than you can stay solvent. Caveat emptor.
Evidently, Cramer has a sense of humor.
http://www.breitbart.tv/?p=297633
Kramer is a decent guy.
Good. These ers are issuing advice to thousands, maybe millions of people. If it gets people on TV to actually THINK about what they're saying, I'm happy.
Oh my god! Poor Cramer, who's made millions. Poor Cramer, who gave advice to people who subsequently lost millions.
Maybe next time, an on-air personality will actually double-check the bull he's spewing.
When I started seeing the "Flip your House" shows I knew the market was screwed. It's not like housing is some brand new technology. What, no one realized you could just flip houses before 2005, and houses would automatically gain value and you'd always be able to sell your house? Get the f out of town.
You know, after watching the interview, I give credit to Cramer for going on the show. But he can't get past the fact that he was pulling those same tricks earlier. It's tough to proclaim yourself as a public defender when you were involved in those same games.
Edit: Also, why are/were so many economic people re ed? What, wealth always increases? Really? Honestly?
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