Friday, March 13, 2009

In Stewart we Trust

Bush is out of office. Obama versus Palin is long over. I wondered what Jon Stewart would be zooming in on next in his Daily Show. The answer : money; crooked money; mad money and the role the "analysts", "financial experts" and financial news shows played in the hype. 

If there is anything I learned from the dotcom bust, it is how venture capitalists and investment banks shared the same bed. Similarly check how many were sharing a bed in the housing bust. 

Thus Stewart went on a mission to critique the financial news channels and found a great poster child in loud mouth Jim Cramer, who hosts the Mad Money show on CNBC

This rest of this blog post is very simple. The video speaks for itself.