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Jon Stewart Interview With CNBC's Jim Cramer on The Daily Show

In This Economy! Jim Cramer Nearly Cries on The Daily Show

Lordy! I thought Jim Cramer was going to crack last night on The Daily Show when CNBC's ongoing kerfuffle with Jon Stewart came to a head. His voice wavered as Jon accused him of one-sided journalism — dishing out financial advice while not acknowledging the dirty work that goes on behind the markets.

How would old man Cramer know? Well, he used to run a hedge fund and manipulated the market for sport. Jon submits evidence with video clips from his hedge-fund days that goes a lot like this:

I would encourage anyone in a hedge fund to do it. Because it's legal. And it's a very quick way to make money — and very satisfying. By the way no one else in the world would ever admit that but I don't care. I'm not gonna say it on TV.

To see more of Cramer's voice cracking while apologizing for everything and nothing,

.

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DukesUp DukesUp 6 years
Actually, if you'd have done your research, you'd know that this whole thing started when Rick Santelli called failing homeowners "losers" (March 4th. It's on The Daily Show's website). JS then called the entire CNBC "cast" into question for providing financial advice when they obviously aren't qualified to. And please, don't say that these shows are meant to be "entertainment" when the promos pump up their hosts to be solid. In Cramer We Trust ring a bell? Anyway, I don't see how anyone could put John Stewart down for this. He's sticking up for YOU and YOUR hard earned money and 401k. And besides, the original target was Rick Santelli, but he was too much of a pansy to actually appear on the program. If anything, I do feel for Cramer a bit — he's just the poor sap that had the balls to show up and be the face of the argument (as John stated in his interview). Get over it. Obama is not the reason for everything.
DukesUp DukesUp 6 years
Actually, if you'd have done your research, you'd know that this whole thing started when Rick Santelli called failing homeowners "losers" (March 4th. It's on The Daily Show's website). JS then called the entire CNBC "cast" into question for providing financial advice when they obviously aren't qualified to. And please, don't say that these shows are meant to be "entertainment" when the promos pump up their hosts to be solid. In Cramer We Trust ring a bell? Anyway, I don't see how anyone could put John Stewart down for this. He's sticking up for YOU and YOUR hard earned money and 401k. And besides, the original target was Rick Santelli, but he was too much of a pansy to actually appear on the program. If anything, I do feel for Cramer a bit — he's just the poor sap that had the balls to show up and be the face of the argument (as John stated in his interview). Get over it. Obama is not the reason for everything.
flutterpie flutterpie 6 years
oh my goodness conservatives truly believe everything goes back to obama, my boyfriend said the same thing. i couldnt even cramer vs stewart because we got into a huge argument over it! seriously, is there some sort of subliminal messages that only conservatives can receive?
stephley stephley 6 years
"Kramer wasn't on the national medias' radar until his rant about BHO." That's only seems true to people who never read Forbes, the Wall Street Journal, the New York Times or watched ABC or CBS news in the past year.
stephley stephley 6 years
"Kramer wasn't on the national medias' radar until his rant about BHO." That's only seems true to people who never read Forbes, the Wall Street Journal, the New York Times or watched ABC or CBS news in the past year.
notinthemood notinthemood 6 years
I totally agree with splork. Well said!
beavis667 beavis667 6 years
Well, Stewart has alot of time and it's his job. Kramer wasn't on the national medias' radar until his rant about BHO.
beavis667 beavis667 6 years
Well, Stewart has alot of time and it's his job. Kramer wasn't on the national medias' radar until his rant about BHO.
stephley stephley 6 years
Oooh, that's what set Stewart off! Not references to unethical behavior in thestreet.com interview, not hyping companies, not not catching the lies corporate leaders told him, not repeating those lies, not missing signs that some thing was going wrong with the economy... Poor Jon! He's going to be exhausted by the time he's finished reaming all Obama's critics.
stephley stephley 6 years
Oooh, that's what set Stewart off! Not references to unethical behavior in thestreet.com interview, not hyping companies, not not catching the lies corporate leaders told him, not repeating those lies, not missing signs that some thing was going wrong with the economy... Poor Jon! He's going to be exhausted by the time he's finished reaming all Obama's critics.
beavis667 beavis667 6 years
Yep, that's why this is a story. Kramer exposed himself as not being a BHO kool-aid drinker, so now he's on the left's shitlist. You can't speak out against the chosen one without repercussions.
Brendelwoman Brendelwoman 6 years
He said that Obama was an amateur when it comes to the economy in the beginning of March. Suddenly he was on JS hitlist.
stephley stephley 6 years
Really, what does Obama have to do with this?
flutterpie flutterpie 6 years
i missed the conversation they had about obama?
Brendelwoman Brendelwoman 6 years
Jon Stewart seems like a bully to me. This is what happens when you say something against Obama. Lesson learned, I'm sure.
Rafka Rafka 6 years
Regardless of whether or not Jon Stewart should have done this interview, I have to question Jim Cramer's business ethics. When I took Management 101 at Ole Miss, I was taught that just because something is legal doesn't mean it's ethical. There is basic litmus test when there is a question if something is morally right. You ask yourself, is this something I want reported on the front page of the paper so my colleagues, my friends, and my family know about it. If the answer is "no", you don't do it. I question Mr. Cramer's character when I heard this part of his 2006 interview with TheStreet.com, CRAMER: I would encourage anyone who is in the hedge fund unit ‘do it' because it is legal. It is a very quick way to make the money and very satisfying. By the way, no one else in the world would ever admit that but I don't care. UNKNOWN: That's right and you can say that here. CRAMER: I'm not going to say it on TV. Enough said.
Rafka Rafka 6 years
Regardless of whether or not Jon Stewart should have done this interview, I have to question Jim Cramer's business ethics. When I took Management 101 at Ole Miss, I was taught that just because something is legal doesn't mean it's ethical. There is basic litmus test when there is a question if something is morally right. You ask yourself, is this something I want reported on the front page of the paper so my colleagues, my friends, and my family know about it. If the answer is "no", you don't do it. I question Mr. Cramer's character when I heard this part of his 2006 interview with TheStreet.com, CRAMER: I would encourage anyone who is in the hedge fund unit ‘do it' because it is legal. It is a very quick way to make the money and very satisfying. By the way, no one else in the world would ever admit that but I don't care.UNKNOWN: That's right and you can say that here.CRAMER: I'm not going to say it on TV.Enough said.
beavis667 beavis667 6 years
Cavuto > Kramer
beavis667 beavis667 6 years
Cavuto > Kramer
stephley stephley 6 years
Fleur, if you're a viewer of the Daily Show you know that he does more serious guest interviews than he does 'Brangelinas.' He's more than a legend in his own mind when world leaders, religious leaders, and politicians from both sides of the aisle are willing to talk with him.
organicsugr organicsugr 6 years
They're both getting better ratings out of this little game. Don't feel too bad.
amybdk amybdk 6 years
"You or Stewart may not like the game but Cramer played by it, as far as we know, within the rules."Sure. But he flat-out <b>denied</b> he ever would play the game. That's what really upset me. Of course people make mistakes all the time. But I have more respect for a person who owns their mistake instead of denying and then stumbling through it.
amybdk amybdk 6 years
"You or Stewart may not like the game but Cramer played by it, as far as we know, within the rules." Sure. But he flat-out denied he ever would play the game. That's what really upset me. Of course people make mistakes all the time. But I have more respect for a person who owns their mistake instead of denying and then stumbling through it.
babaloo babaloo 6 years
Pretty tough to watch Cramer take the brunt of all the ills in finance journalism. Everybody is looking for a scapegoat. Good for Stewart for having staff weasels doing prodigious research to slam a guy for the populous. The You Tube generation enjoys this stuff. There is no grace in tearing a man down for your own entertainment and ratings. Was Stewart calling people out when the DOW was at 14K? Or is this just him playing up the cause de jeur as the market tanks and grabbing some ratings for himself. You or Stewart may not like the game but Cramer played by it, as far as we know, within the rules. It may not be pretty or...nice, but greed generally never is. Capitalism is what made this country as rich as it is. Rich people like Cramer are who helped build this country's wealth. Could things be better regulated? You bet. Could things be more fair? Sure, but life isn't fair. I have far less respect for Stewart today, and a lot more for Cramer for stepping into the buzzsaw.
tngirly tngirly 6 years
I thought Cramer handled it with grace- knowing what he was going to get. The reality is that his show is partially there to inform, partially to entertain. They need to be honest about what role they are playing but still... He handled the criticism WAY better than a couple of years ago when Jon Stewart was on Crossfire with Tucker Carlson who just got mad that Stewart was not being "funny"
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