Jon Stewart slams CNBC
“The Daily Show” host Jon Stewart, whose interview with CNBC reporter Rick Santelli was cancelled, used the time instead to slam the business news network, reports Julie Satow of The Huffington Post.
Satow reports, “Maybe the most shocking Jim Cramer gem is when he is advising that his audience buy stocks: ‘You should be buying these, and accept that they are overvalued, but accept that they are going to keep going higher. I know that sounds irresponsible but that’s how you make the money.’ On that day in 2007, the Dow was at 13,930. It is now below 7,000.
“‘If I had only followed CNBC’s advice,’ Stewart says at one point, ‘I’d have a million dollars today. Provided I started with a 100 million dollars.’
“There is also an interview with alleged $8 billion ponzi schemer, Allen Stanford. The reporter asks: ‘You managed to avoid the subprime debacle almost entirely. What told you it was not a wise move?’
“Stewart jumps in: ‘I ran a ponzi scheme! Instead of investing the money, I stole it!’
“Stewart says of Stanford and the reporter interviewing him, ‘F*ck you. You know, between the two of them, I cant decide which one of those guys I’d rather see in jail.'”
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