In this clip, Jon Stewart dissects CNBC's coverage the financial meltdown.
Brilliant.
It has long bothered me that that Cramer guy is still on the air, after all of the lousy advice he's given. He was telling people to buy Lehman Brothers right up until the day Lehman Brothers collapsed.
Also, CNBC's breathless business coverage and ego-stroking interviews with CEO's does nothing to help people understand the most devastating economy since the Great Depression.
Once again, it takes Jon Stewart, a comedian, to show how ridiculous the media can be.
All the CNBC cheerleaders are never going to tell it like it is with the exception of Mark Faber. Most of the cheerleaders are dolled upbabes who excite the CEO's and other big business types that have nothing in common with the working man. The stock market is a multi-layered casino that keeps changing the games to suit the house and take away your money. Examples: hedge funds, options, derivatives, money markets, shorting stocks, to name but a few. But this Cramer is a clown and if you listen to him beware. If you watch CNBC do so with the mute button on so you won't be influenced by these morons.