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David Letterman hit Sen. John McCain night after night during last fall's presidential campaign after McCain cancelled an appearance -- when he was in New York.
But that pales in comparison to The Daily Show's Jon Stewart.
Stewart, host of the hit Comedy Central show, makes no secret of his political and economic sympathies, but he likes bringing on guests with different perspectives than his own.
But when CNBC's Rick Santelli, he of the Santelli Rant, cancelled an appearance to explain his now-famous opposition to the Obama administration's mortgage rescue plan, Stewart replied and then some.
It was great - funny, but sad at the same time, because it was so true. And the timeline he gave, showing the glowing statements by various CNBC "experts" about specific companies, followed by the date that the company went under, or the number of times the company received billions in bailouts ... just devastating. I think Stewart did an excellent job of exposing CNBC for what it is - network of business cheerleaders.
Yeah..but it's comedy based on truth. I do like the Daily Show..we cannot control what is going on and Jon Stewart is good at putting a comic twist on events. We might as well go down laughing.
Stewart's got it right--Santelli blames the victims--the mortgage holders--not the financial institutions and brokers who sold them these bogus loans--then turned around and re-packaged the sketchy loans and sold them all over the world, causing our international melt-down.
It's all the fault of that homeowner in Peoria who just got foreclosed on...he caused our new Greater Depression...
Derivatives? Not a problem...it's that homeless family in Peoria's fault.
It is clear that the only difference between taking Bernie Madoff's advice and that of the blabbers on CNBC is....well, there is no difference really. You will get screwed either way. CNBC would be funny if they hadn't misled so many people to throw their money away.
This was brilliant - Jon Stewart at his absolute best! I love the very end of that clip.
And if anyone is wondering why the stock market is down so much, just watch this a few times. There is zero credibility now. Every time the market starts to recover a little, we get more bad news. It's going to be quite a while before we see a true bottom here. My poor 401(k)...
This episode was great! I especially loved it when Jon was talking about how loser homeowners were stupid to take money that lenders offered them and they needed to educate themselves. I never thought of it like that. You'd think that the people doing the lending would be the ones you'd expect to be careful and "educated" about who they lend money to.
I know that technically it wasn't the lender's money that was being loaned because the loans were immediately securitized and sold to investors, but you'd think that lenders would still know better. I guess it didn't matter to them, because they were getting their cut. I say that securitizing loans is a dumb idea, period.
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