Jon Stewart nails CNBC as a Wall Street infomercial in one of the most poignant moments on television. Although, being the megaphone in the hands of the silk suited shepherds television is probably as guilty as any other technological source for the dumbing down, herding and shearing of the sheeple, the 21:12 minutes of this show exposed its complicity sharing in shearing sheep, weaving of the wool watch cap and pulling it over the victims' eyes for a daylight burglary caper.
A monarch would keep a jester around to get an honest view of the world about which his conniving court ill-advised him, never expecting the jester could expose the king to the people. The emperor’s new clothes have never been so transparent:
Stewart: I understand you want to make finance entertaining … but it’s not a fucking game. And, and when I watch that I get … I can’t tell you how angry that makes me … what it tells me is … you all know … about this weird wall street side bet.
Cramer: Jon, don’t you want guys like me, who have been in it, to show the shenanigans? What else can I do?
Stewart: No, no, no! I want desperately for that, but I feel like that’s not what we’re getting. Listen, you knew for months what the banks were doing and yet were touting it for months and months. The whole network was. So now to pretend that this was somehow some sort of crazy, once-in-a-lifetime tsunami that nobody could have seen coming is disingenuous at best and criminal at worst.
Jon knows the true source of this country’s wealth is work when he says that for Wall Street to advise that buying pension funds and 401Ks will let you sit back and get rich, they are not only lying, they are using that "safe" money to capitalize the speculators' adventures at 35 to 1 leverage.
Its enough to gag a Gekko.
the televised interview above is short eight minutes of the full interview cut for the scheduled length of the Daily Show slot. The full, unbleeped interview is here. Enjoy.