Jon Stewart creams Jim Cramer on the Daily Show
Tonight we had the big face-off, the heavyweight bout, the Super Bowl square-off between CNBC's Jim Cramer and Comedy Central's Jon Stewart. Cramer was especially upset about being included in a segment TDS produced on the horrible and almost criminal reporting CNBC has been airing as THE go-to business network after CNBC's Rick Santelli attacked average working-class people who got caught up in the sub-prime mortgage crisis. Santelli dubbed them as "losers." Well, the only loser tonight was Cramer and CNBC.
Jim basically sat there, starry-eyed like a lost puppy, and was virtually silent throughout the three-segment show featuring him. He basically waved the white flag and said, "You got me."
Comedy Central had to edit out eight minutes of video to accommodate the show format, and it will be available on their website tomorrow.
Stewart's point was that Wall Street got fat off of all our pension plans, 401K's and long-term investments, while the "Fast Money" crowd cashed in our long-term investments -- and CNBC was complicit in the entire gambit...