411mania.com: Politics - Stewart to Cramer: It's not a f***ing game.

Stewart to Cramer: It's not a f***ing game.
Posted by J.D. Dunn on 03.13.2009

This may be one of the most important interviews of the year.

The Jon Stewart/CNBC feud finally came to a head last night with Stewart raking Mad Money host Jim Cramer over the coals for fawning over Wall Street instead of covering it.

This may be one of the most important interviews of the year.

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Comments (51)

Stewart just got himself either a Peabody, an Emmy, or both.

Posted By: Jamal (Guest) on March 13, 2009 at 12:12 PM

I can't stand Stewart, but he made Cramer his personal bitch.

Posted By: ScottyFlamingo (Guest) on March 13, 2009 at 12:37 PM

you could tell cramer was about to shit himself when stewart would play some of those videos.

but i learned from this interview that jim cramer likes cocaine and hookers.

Posted By: robb (Guest) on March 13, 2009 at 12:39 PM

Cramer and Stewart both came off as very classy great interview

Posted By: Guest#6380 (Guest) on March 13, 2009 at 01:17 PM

If all you watched were these clips, you might think that Stewart was a reasonable, knowledgeable person, and that Cramer had been the irresponsible one. If, on the other hand, you've seen any of the prior episodes of The Daily Show that precipitated this conflict (and if you know anything about financial markets), you know that Stewart is a complete financial ignoramus.

Posted By: Big Daddy Matty (Guest) on March 13, 2009 at 01:43 PM

Big Daddy Matty: I did get the distinct impression Stewart crammed for this segment, and at the start of the show he even jokingly alluded to it. Still, his points were valid.

I would be extremely interested to know what went on during the edits, which were highly unusual. They always edit for time, but here it seemed to be for content. I do give Cramer credit for showing up and mostly taking his lumps, which he didn't have to do. The first time I saw Mad Money I remember thinking "Yeah, like I'm going to take financial advice from a raving lunatic" and moving on. Tragically, not everyone drew that conclusion.

Posted By: Shockmaster (Guest) on March 13, 2009 at 02:35 PM

I agree with Shockmaster... Cramer really "took one for the team" in that segment, up to Stewart having to explicitly say "it's not about you" (of course, only AFTER raking Cramer over the coals for things he personally said... )

Posted By: J. Alexander Mitchell (Registered) on March 13, 2009 at 02:51 PM

Um Shockmaster if you want to see the unedited clips go to ComedyCentral.com they talked about it all night -- the unedited interview being on the website.

Posted By: jdroche (Registered) on March 13, 2009 at 02:52 PM

I know financial markets, and Stewart didn't say anything particularly out of bounds this week. He just called out CNBC for being enamored with Wall Street CEOs.

If you have any specific examples, though, feel free to share.

Posted By: J.D. Dunn (Registered) on March 13, 2009 at 02:53 PM

"If, on the other hand, you've seen any of the prior episodes of The Daily Show that precipitated this conflict (and if you know anything about financial markets), you know that Stewart is a complete financial ignoramus."

If you know anything about financial markets then you should know that some of the things financial advisors do are borderline illegal. Well, either that or you don’t care.

Posted By: Guest#5193 (Guest) on March 13, 2009 at 03:06 PM

How is that the case Big Daddy Matty? If I remember correctly he showed a clip of Cramer saying to buy Bear Sterns less than a week before the final implosion. Cramer accused Stewart of using it out of context in an interview. Stewart then showed the context, another practically identical clip from two days earlier, and another even more damning clip from a few weeks earlier. Cramer responded by going on other CNN/CNBC/NBC shows and saying, "but he's a comedian?".

So Stewart called out Cramer. Cramer countered by lying. Stewart called Cramer's lie, and then lambasted him further. Cramer responds by going on talk shows from his network so his friends can agree with him. The whole time not doing anything to actually negate or disprove anything Stewart said, showed, or did. Then Cramer shows up on Stewart's show, and gets made Stewart's bitch.

So when was Stewart a moron or irresponsible? When wasn't Cramer exactly as much of a scumbag as Stewart called him and his network on being? But I guess reality is reversed by your massive financial expertise...lol.

Posted By: Bavitz (Guest) on March 13, 2009 at 03:19 PM

Jon Stewart is technically his real name. He just dropped his last name Leibowitz when he was a comedian and recently changed his name legally to Jon Stewart.

Posted By: Guest#1648 (Guest) on March 13, 2009 at 04:20 PM

RE guest: He's also a Jew too "guest". I mean, whilst we are irrationally bringing up things that have nothing to do with the case in hand lets just mention that.

Hilarious that the crux of your criticism is that John Stewart hides behind his name...."GUEST".

Posted By: Max R (Guest) on March 13, 2009 at 04:30 PM

By that reasoning, guest, you must hate A LOT of movies, considering there are lots of stars that don't use their real names. John Wayne didn't even use his real name. Was he a "typical Hollywood liberal hypocrite"? You're either a troll, a moron, or both.

Posted By: Zingy (Guest) on March 13, 2009 at 04:31 PM

for the small few who are bad mouthing stewart, did you see the end of this? his mother listened to these people from that network and she lost everything, i think you would be a little pissed off too if it happened to your mother

Posted By: joe (Guest) on March 13, 2009 at 04:32 PM

Thanks jdroche. I not only saw the whole interview, I learned that I can get girl-approved hair with Axe shampoo. Or I can just date the 15% of women who apparently think dandruff is sexy.

Posted By: Shockmaster (Guest) on March 13, 2009 at 04:35 PM

One other thing... Bid Daddy Matty, who cares if Jon Stewart was a "financial ignoramus" before this conflict? I've never heard him offer stock advice to people. I don't think I've never seen an episode of The Daily Show where he told people when to buy or sell stocks, or even let alone what they should invest in. It's not his job to know every little thing about finance.

It seemed to me that he was speaking for a lot of people, particularly the ones who are angry at being misled and/or flat out lied to by "experts" who should have known better (or experts that did know better but didn't do their jobs or weren't honest). Sure, he blasted Cramer a lot, but Cramer was part of the problem. He's a tool.

Posted By: Zingy (Guest) on March 13, 2009 at 04:38 PM

good one Max...you got me on that, but I'm not getting paid to deliver opinions like Stewart is...when I make what he makes, I'll send you all the info you want about me. But I'd love to hear John Stewart's take on the Community Reinvestment Act. He seems pretty sure of himself that greedy bankers caused this crisis. Typical Hollywood liberal sterotyping (That last sentence is a giant softball for whoever wnats to take it).

Posted By: AJ (Guest) on March 13, 2009 at 04:43 PM

His name is Jon. Not John. I would even accept Jonathan.

Posted By: to the winguts (Guest) on March 13, 2009 at 04:52 PM

cramer held up great in that interview, stewart completely delivered his point excellently. It was pretty harsh, but the situation is harsh and warrants it. I will say that he needs to be less focused about titles like 'financial expert'. He is the one in the interview that says you shouldnt take things at face value, you should do some investigation, so if youre sole trust is in cramers word with your earnings you might want to reconsider as you should with anyone. A great interview though.

Posted By: Guest#5947 (Guest) on March 13, 2009 at 05:11 PM

Are you telling me Jon Stewart isn't Scottish?

Posted By: Andrew Tobolowsky (Registered) on March 13, 2009 at 05:52 PM

"John Stewart's real name is not John Stewart. Yet he feels pretty confident lambasting somebody's opinions when he can't even stand behind his own with his real name. What a typical Hollywood liberal hypocrite."

I'd like to inform you that Jon Stewart (talk show host) is actually a clone from original person, who has nothing with talk show host career. Clone was created illegally using stolen biomaterial...

Posted By: J.D. Dunn (Registered) on March 13, 2009 at 06:06 PM

It thought Jon Stewart was a Green Lantern. Oh, wait.

Posted By: The Great Capt. Smooth (Guest) on March 13, 2009 at 06:20 PM

I typically enjoy The Daily Show but last night was the first time i was on the edge of my seat watching it. Excellent interview.

Posted By: the dude (Guest) on March 13, 2009 at 06:45 PM

Wow...if you saw Cramer walk away from the interview desk, he was bleeding from the asshole for being reamed so hard.

Posted By: MydniteSon (Guest) on March 13, 2009 at 07:02 PM

"One other thing... Bid Daddy Matty, who cares if Jon Stewart was a "financial ignoramus" before this conflict? I've never heard him offer stock advice to people. I don't think I've never seen an episode of The Daily Show where he told people when to buy or sell stocks, or even let alone what they should invest in. It's not his job to know every little thing about finance.

It seemed to me that he was speaking for a lot of people, particularly the ones who are angry at being misled and/or flat out lied to by "experts" who should have known better (or experts that did know better but didn't do their jobs or weren't honest). Sure, he blasted Cramer a lot, but Cramer was part of the problem. He's a tool.

Posted By: Zingy (Guest) on March 13, 2009 at 04:38 PM"

spot on my man. now here's someone who gets it.

the daily show doesn't profess to be a straight faced method for people to get the news (like cnn crossfire, who stewart went on to make his bitch) or an important outlet for financial information (hello cnbc, you're next).

it's just a show that spoofs the news networks and the news in general especially when there is a lack of common sense.

stewart is a smart man. he can outsmart any of the serious newscasters on his day (as this interview and his crossfire encounter illustrate) but only chooses to do so in the face of confrontation and when he feels the dedicated news networks/shows are failing to do their jobs, or when these straight newscasters appear to think jon should be doing their jobs for them.

Posted By: DaJ (Guest) on March 13, 2009 at 07:09 PM

People who invest in the stock market are rubes. Unless you have enough money and/or connections to influence the market, then you're playing a sucker's game. Essentially, you're gambling that there's someone who'll pay more for a given stock than you did. Unlike other legal gambling, the sotck market's rigged. Thus, those who got screwed by Cramer and his ilk deserve no tears from honest Americans who scrimp and save to put their kids through college or buy a house.

Posted By: Iron Knee (Guest) on March 13, 2009 at 07:41 PM

John Stewart's real name is not John Stewart. Yet he feels pretty confident lambasting somebody's opinions when he can't even stand behind his own with his real name. What a typical Hollywood liberal hypocrite.

Posted By: guest (Guest) on March 13, 2009 at 03:58 PM

Officially, the lamest comment ever left in any section of 411. Good going, guest, you liberal hypocrite. I'm sure there was a really powerful point you had intended to make, but unfortunately, you let your gargantuan brain and enlightened sense of politics get in the way.

Posted By: Kip (Guest) on March 13, 2009 at 08:07 PM

If you want to know what's really going on listen to Alex Jones. Now that guy has his finger on the pulse of the world.

Posted By: Guest#0128 (Guest) on March 13, 2009 at 09:05 PM

"Thanks jdroche. I not only saw the whole interview, I learned that I can get girl-approved hair with Axe shampoo. Or I can just date the 15% of women who apparently think dandruff is sexy.

Posted By: Shockmaster (Guest) on March 13, 2009 at 04:35 PM"

Wow, I wonder if Cramer will label Axe stock a 'buy'

Posted By: Mikel (Guest) on March 13, 2009 at 09:06 PM

To J.D. Dunn: Stewart was tottally off base here. Wall street isnt playimh around with the 401ks.

In fact those markets are still functioning well. What isnt functioning is the invisible OTC markets.

But none of you would know of that ehh. You financial ignoramouses

Posted By: hhhh (Guest) on March 14, 2009 at 12:31 AM

If anyone is wondering, ignoramouses are well known for their furry, round ears, hairless tails, and tendency to advocate for high spending and low taxes

Posted By: Andytobo (Registered) on March 14, 2009 at 01:10 AM

Cramer is an idiot altogether, I never would trust my money to him even if I was about to get robbed. Stewart's show is overrated, imo...

Posted By: Last is the First (Guest) on March 14, 2009 at 06:43 AM

That "real name" comment is mad funny (not to be confused with Mad Money). A liberal Hollywood hypocrite because he uses a stage name? Wow, you're really reaching there, aren't ya? It's hard to defend Cramer after that interview, isn't it? We know, it's okay. You can retreat to your dark corner and cry now, we're not here to judge.

...Are you ready to rejoin the group now? Alright then. Now...do you have ANY concept of how many stage names are out there? ANY CONCEPT? I didn't think so. Many of your favorite authors, actors, singers, dancers, wrestlers, and general entertainers honed their craft under names that are not their own, given birth names. So please, just don't comment, when you have to reach that hard to attempt to make a point. Especially one that you failed miserably at making.

And props to Zingy for bringing up John Wayne. His real name? Marion Michael Morrison. That fucking liberal Hollywood hypocrite...

Posted By: Nick (Guest) on March 14, 2009 at 01:24 PM

Guest: Typical loudmouth without a point but just calling names. Gotta love it.

Posted By: Guest#1867 (Guest) on March 14, 2009 at 08:08 PM

Yeah AJ go challenge stewart just like Kramer did and see how it goes. All right winger just like to call people out but never can believe it when they get answered like Kramer did and its killing all the ones who think Stewart is a joke and its great because their heroes keep getting whipped on that show because they don't get he is an intelligent liberal which pisses off right wingers like no other and its beautiful.

Posted By: Guest#9522 (Guest) on March 14, 2009 at 08:12 PM

Been a fan of Jon Stewart for about 5 years now, and this definitely reminds me of the Crossfire stuff. Not as brutal, but it proves a point to everyone that Stewart is more than just a pretty face.

Posted By: The Nitin (Guest) on March 15, 2009 at 10:33 AM

This was a great segment, one that will probably come up time and time again. Stewart is a pretty smart guy.

And as for hhhh, if people on Wall Street aren't doing things that are messing with 401k's, then explain to me how I've lost nearly 60% of mine in the last year?

Posted By: Kung Fu Janitor (Guest) on March 15, 2009 at 03:14 PM

Shockmaster: If you go to Comedy Central they have the complete unedited video, and for the most part it's delays when they wait for the video.

Posted By: Ray Church (Guest) on March 15, 2009 at 07:51 PM

"his mother listened to these people from that network and she lost everything, i think you would be a little pissed off too if it happened to your mother"

My God that type of victim-ology is funny.

I've been in the business for fifteen years. I don't know of anyone who has ever listened to anything Jim Cramer, or anyone else on television, says about financial markets.

I would be pissed at my mom for being so god awful stupid to make a financial decision based on something she heard on a television show.

You know why Cramer is on during 5:00-7:00? Because that is the time of the day when people who actually work in financial markets are going home.

See it didn't "happen to his mother". His mother happened to be stupid enough to lose her money.

Posted By: AdmChesterMynutz (Guest) on March 16, 2009 at 11:16 AM

Adm,

If not TV, which sources do you consult prior to making an investment decision? Whatever/whoever these sources are, they must be working to give you the self satisfaction needed to call someone you've never met "god awful stupid" based off the trustworthy 411 comment section.

Whatever/whoever your financial sources are, I vote that we give them a TV show!

Posted By: Scotty H (Guest) on March 16, 2009 at 12:46 PM

For me, earning "self-satisfaction" has a slightly less robust empirical standard than deciding how and when to invest one's life savings.

And yes, if you invested money based on information culled from television then you are in fact stupid, God awful at that.

My information sources are drawn from what is popularly known as primary research. If investing in company A, I personally research the business plan, management and performance to arrive at a decision.to invest in company A.

Posted By: AdmChesterMynutz (Guest) on March 16, 2009 at 04:38 PM

typical liberal argument...it's not the irresponsible person who knows they can't afford a house's fault...it's the "evil banks". What a crock of shit. We are in the mess we are in because liberals and democrats have fully programed the ignorant masses (AMERICANS) into thinking everything is bushes fault.

it's not the fact that democrats constantly force banks to lend to people who can't afford it and have to take a loss...it's bushes fault

it's not the democrats who have controlled capital hill for years and driven their welfare down our throats..it's bushes fault...

lets see how many seconds it takes for the libs to start whining...

Posted By: sco sco (Guest) on March 16, 2009 at 10:25 PM

"For me, earning "self-satisfaction" has a slightly less robust empirical standard than deciding how and when to invest one's life savings."

However you got it, kudos on the flowery farts.

I'd watch your show, Adm. My money's on that it would probably be more sound than Spook's upcoming FoF appearance.

Posted By: Scotty H (Guest) on March 16, 2009 at 10:38 PM

Stewart is nothing but a bully with home court advantage. Yes, In Cramer We Trust is a bit of hyperbole but its an AD TO MAKE PEOPLE WATCH THE SHOW! If the ad said "Cramer, he's right sometimes" then thatd be silly advertising. Its a freaking business people!

Posted By: Guest#4242 (Guest) on March 16, 2009 at 11:32 PM

Stewart just got himself either a Peabody, an Emmy, or both.

Posted By: Jamal (Guest) on March 13, 2009 at 12:12 PM

I don't think Peabodies or Emmys are awarded for ambushes and bullying

Posted By: Get a clue (Guest) on March 16, 2009 at 11:49 PM

hhhh: In the context given, Stewart was clearly talking about the executive largess that drains companies of profit that could raise share prices.

Lot of that going around, in case you haven't been watching the news.

Posted By: J.D. Dunn (Registered) on March 14, 2009 at 10:18 AM

JD you are absolute right it was greedy bastards that would murder a stranger to fill their pockets and sleep sound at night that do these things but please tell me how it is Cramer's fault and that he deserves this full assault from Stewart for this. The man is an entertainer who does a show where he gives his quips and two-cents on what to do and he is wrong a large percentage of the time. Why is he being a villain for doing a television show? I didn't see him raping the general public.

Posted By: Crucify Me (Guest) on March 16, 2009 at 11:53 PM

"We are in the mess we are in because liberals and democrats have fully programed the ignorant masses (AMERICANS) into thinking everything is bushes fault."

You are an idiot, given that I think that this is the first time in the comment section that Bush's name was mentioned, and quite a few of your "liberals and democrats" (read: anyone that seems to side with Jon Stewart on this one"). So for someone trying to buy a house using a fully legal mortgage from a fully above board, reputable bank, they are an idiot. However, that bank, selling something at best wholly immoral, whilst receiving insuring themselves against loans that they can't afford with AIG, who in turn can't afford to pay it back, that's all good.

Sorry, but saying people are stupid just doesn't cut it this time. A lot of honest, hardworking people have been fucked by this, and I don't think you have to be a liberal or democrat to think that.

Posted By: Pete (Guest) on March 17, 2009 at 02:38 AM

STAY CURRENT