Anyone see John Stewart rip Jim Cramer a new one? Have a link to the clip?

EthanR answered 8 months ago …

While Stewart makes some valid points, I think Cramer could just as easily have pointed to the shortcomings in Stewart's industry for reporting on corruption as well. I also think that Stewart's attack on Rick Santelli was unwarranted. Just because Santelli works for CNBC doesn't make him responsible for everything that happens on that network.

What is interesting to me is how all these Wall Street guys didn't realize that the sub prime mortgages would be a disaster for the financial system. Many people in the real estate and mortgage industries knew that there would eventually be a large increase in foreclosures as the payments re-set. I don't know why the financial world didn't see that.