Friday, March 13, 2009

Snake Oil Exposed- Jim Cramer paved by Jon Stewart


When I tuned in to the Daily Show last night I was expecting about five to eight minutes of Jim Cramer with Jon Stewart, and some Batman circa 1966 bubbles of comic book emphasis -Pow! Oomph! Crack!- popping up at chosen moments to keep our wandering attention span focused on the interview. I expected Jim Cramer to be apologetic, a little funny and chagrined at Stewart's ability to point out the obvious dilemma a Wall Street homer network has when the home team has been consistently losing.

What I got was Jon Stewart deadly serious, and armed with evidence as damaging as Nixon's basement tapes. Stewart kept dialing up taped video camera confessions about rigging movement on Wall Street from the former hedge fund manager turned TV star, Jim Cramer, and repeatedly hammered this defenseless shill of CNBC.

Now we know where all the money went.

It was a reawakening of the Edward R. Murrow spirit in the body of one of the nation's best satirists. This was brilliant, but only a first step. The time has come to focus some legal clout and time on putting into prison the liars and thieves who stole so much money from the world. Those principals at Bear Stearns, Merrill Lynch, Wachovia, Washington Mutual, Lehman Brothers and so many more Bernard Madoff types deserve the Bernard Madoff sentence.

Thanks Jon Stewart.

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