Wow. Jon Stewart, the host of Comedy Central‘s The Daily Show tore Jim Cramer a new butt hole. Cramer, the loud and combative host of CNBC’s Mad Money along with the rest of the financial reporting industry and business news cable networks, were accused by Stewart of not only failing to foresee the credit crisis, but siding with bankers and helping to inflate the bubble. Stewart also “…pointedly questioned the hyped-up theatricality and dubious claims of CNBC shows like â€œMad Moneyâ€ and â€œFast Money.â€ When Mr. Cramer explained, â€œThere is market for it and you give it to them,â€ Mr. Stewart stared at him in disbelief, exclaiming. â€œThere’s a market for cocaine and hookers!â€” Stewart noted that “If I had only followed CNBC’s advice, I’d have a million dollars today … provided that I’d started with $100 million” A de-fanged Cramer for the most part just sat and took it, blaming deceptive colleagues and sources and promising to do better in the future.
Uh… yeah. You can watch the whole unedited segment on the Comedy Central Web site. In this case, Stewart was right on the money, so to speak, as opposed to his little Gaza rant which was a little off, but we forgive him…
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