Thursday, March 12, 2009

John Stewart totally fucking dismantles Jim Cramer and the entire concept of financial reporting

Im far giddier than I thought I'd be over that.  Im old now and this is exactly when I get sleepy but couple of thoughts.

1.  For the 100,000,000,000 time why oh why  oh why does it take a comedian to get to the truth of something as important as global financial meltdown??

2.  How does CNBC rebound??  This is twice now that they've been completely exposed as facilitators and fucking liars.  You'll recall that post dot.com bubble we learned that CNBC regularly booked guests for interviews who would talk up stocks they had major interests in which would surprise surprise then move the market.  This was the genesis of the "full disclosure" comments they make now after interviewing people.

3.  Im interested to see what this does for the cultural nexus between TV and internet.   This is going to be the viral clip of all viral clips  for the next couple of days AND it was highly anticipated as well, in some circles anyway.  The line between the two mediums just  got one helluva lot fuzzier.

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