Sunday, March 15, 2009
The best showdown of the financial crisis so far (3x video clips)
The feud between Jon Stewart (Daily Show) and Jim Cramer (Mad Money) finally came to a head last Thursday when Cramer agreed to be interviewed on The Daily Show. Stewart rips into Cramer mercilessly. Definitely worth a watch. Sample quotes: "I understand you want to make finance entertaining, but it's not a f***ing game." / "To pretend that this was some sort of crazy once-in-a-lifetime tsumani that nobody could have seen coming is disingenuous at best and criminal at worst." / "All the incentives of these companies were for short-term profit, and they burned the house down with our [pension savings] and walked away rich as hell." / "In what world is a 35-to-1 leveraged position sane?" / "When are we going to realise in this country that our wealth is work?"