Jon Stewart Eviscerates CNBC and Rick Santelli
By Heather Thursday Mar 05, 2009 12:00pm
Jon Stewart shows us that it might just be a really bad idea to stand him up for an appearance on his show. Or maybe Rick Santelli is actually better off that he didn't show up at all, because this could have gotten even uglier for him had he been there in person. Santelli apparently cancelled on him at the behest of his bosses. You remember his Howard Beale rant?
Santelli: President Obama, are you listening?
Stewart: Yeah man, Wall Street is mad as hell! And they're not going to take it anymore. Unless by it, you mean two trillion dollars of their own bail out money. That they will take.
Now Mr. Santelli was invited to come on this show and accepted the invitation and then on Friday canceled, or I guess the phrase would be bailed out.
How many people would have liked to see Santelli come on this program, are you listening? Are you listening, Rick Santelli? You see, Rick Santelli is angry that these loser home owners are going to get bailed out. He believes in personal responsibility, he believes in not rewarding the losers for missing all the warning signs. For God's sake, the guy works at CNBC. They're the best of the best.
If Rick Santelli is afraid to stand up to Jon Stewart then how can he stand up during an economic meltdown?
Stewart absolutely eviscerates Santelli and the rest of the gang of Wall Street and corporate apologists on CNBC. He shows clips of Cramer telling us that Bear Stearns is fine, "do not take your money out...Bear Stearns is not in trouble."
Bear Stearns went out of business six days later. And so on and so on. Once again a comedy show is willing to give us more "truthiness" as Stephen would say than our beltway media is willing to touch with a ten foot pole.
(John Amato contributed to the post)
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You know who else is a loser? Those people who were dumb enough to work for Home Depot, Caterpillar and all those other cool companies that wisely fired their pathetic @sses. And those people who died from eating contaminated peanut butter are losers too.
I'm so glad we have smart people like Santelli and Cramer to guide us through these troubled times.
Everyone knows there's a risk involved in eating! That's why I get all my nutrients via intravenous methods!
like Nuke LaLouche, I now enjoy all my legume intake in that fashion.
cans of V8 up my butt, followed by a ham and cheese on rye...with deli mustard, of course.
I do go through a LOT of underwear using that method though...
And for some odd reason I can't quite fathom...no one wants to eat lunch with me anymore, or shake my hand...oh well...
Too much information, perhaps?
cooking thread?
You know who else is stupid? All those people in Britain that waltzed into a reputable hospital for blood transfusion and ended up with HIV. Those people are huge losers.
Thats what they get for being bloody socialists!
people who get sick...those slackers....and the infirm...obviously products of bad breeding...why should WE pay for their shortcomings.
"best they should die...so as to reduce the excess population"..."are there no prisons...are there no workhouses"
with access only to public loo.
is the wany CNBC trains their people to talk out their asses!
Here's a fitting follow-up:
fellow since Seinfeld went off the air.
Strangely similar post here by Jason Linkins
"Jon Stewart Eviscerates CNBC, Santelli On Daily Show (VIDEO)"
http://www.huffingtonpost.com/2009/03/05/jon-...
An evisceration is an evisceration. It's the perfect word to describe what happened.
That show should win an award just for that segment. No one has had the nerve to do what Jon did and he should be rewarded. We owe him one!
Cramer is supposed to be on the Colbert show tonight. I wonder if he will cancel at the last minute.
if it means a segment like this ..
The sense of entitlement the egregiously rapacious bastards at CNBC have, goes beyond anything reasonable, normal or (especially) - SANE. Watch your back John.
And I can't see them sitting on their hands while Stewart slaughters the goose that lays the Golden Egg. -- Expect a full fledged war against Stewart by the Reich-Wing noise machine. We all know that John thought about it before he took them on like this. It'll be as bad or worse as anything they subjected Michael Moore to.
These days, more than ever before - I understand why Re-Thugs ramped up McCarthyism back in the 50's - especially targeting the entertainment industry - and let its black heart tear our country in two for so many years.
This is EXACTLY what Beck is doing at their behest right now. Without a doubt - Beck's job was to get the ball rolling.
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from the Dept of WTF? :
"Fed wants to keep AIG secrets
A top official tells Congress he opposes unmasking the Wall Street firms that have pocketed tens of billions of dollars in taxpayer bailout funds."
http://money.cnn.com/2009/03/05/news/fed.tran...
By Dave Lindorff on the subject:
http://www.thiscantbehappening.net/?q=node/279
Undermine public trust? Hell, could it go any lower than it already is? I don't see how. Let's get all the dirty laundry out there and sort through it. Toss out the nasty stuff and save anything salvageable.
Here is Margaret Popper of Bloomberg from Feb 21, '09 in an analysis and discussion with NY Insurance Superintendent Eric Dinallo who is charged with the oversight of AIG.
He categorically states that AIGs losses are from Credit Default Swaps. Their Financial Services Unit is essentially a hedge fund that ran amok.
---
Today Dinallo in another interview with Margaret Popper let slip in a tangential fashion that AIG has $475 billion in swaps on their books.
Wait till we bail that out!!!
This was a live stream - they haven't released a clip as of yet.
Dinallo talks about why the Treasury and Fed didn't offer a backstop at first rather than offering straight cash.
They were acting without authority. Geithner was overseeing the deal and has been paying the swaps off at full value. This is outrageous.
Paulson got us into this because his best buddies at Goldman were owed $20 billion in swaps from AIG.
Bernanke before Congress expressed his outrage over AIG.
If he was so outraged why did he go along? That is what I want to know.
:D
essentially it's FRAUD they had/have NO capital for collateral calls. as a guarantor unable to cover hedge bets.
the more I wish Eliot Spitzer could have kept it zipped . though I really think he was "removed" because he was going to "expose" all of this crap before the fat cats had time to pull off the Big Heist.
Spitzer was the only one in a position and in the frame of mind to go after the Banksters.
There is little doubt in my mind that he was taken down.
I would rather see in jail."
I believe the American public would be overjoyed at a criminal investigation of the economic torture policies of the Bush administration.
This is one of the best segments I've seen from him in some time.
seen a segment come even remotely close.
But the funniest bit was him dipping the blueberry pancake/sausage on a stick into the bacon-flavored Mayo as an example of the laziness of Americans.
He also had a good dressing down of the auto industry years ago: While foreign automakers worked on developing more fuel-effecient cars, ours were trying to fit a DVD screen in the headrest.
where he ripped Sarah Palin about the "Real America" comment. He looked like he could've punched her in the face. Jon was masterful and the segment was sublime. I said to my OH that I love it when Jon has a bit of righteous indignation.
Baconnaise is a real product?! Thank god I've left America!
Any of the major network news people could have done the same thing but they didn't. Why?
peeing on each others legs unless they are all drunk and in a stiff breeze.
some sort of fetishism goin on...
John Stewart is the best. He is my Jesus, my savior. Give him more airtime. I demand it. Stewart try a radio talk show, do it with a new twist a mobile talk show, take Beck and O'reily down, please, I am sure we will pay. Just 10 years, lmao. I know you want too.
He's Jewish... so you're on the right track.
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Oh brother, I need a bailout - can you spare a trillion…
The bastards are getting slaughtered in the stock market today…
The auditors say GM can't make it. Wait till that crap hits the fan…
Eric Dinallo, the NY State Regulator overseeing AIG just let slip (in a tangential way) there is $475 billion in Credit Default Swaps on their books. Wait till we bail that out, we will…
You know, GM files bankruptcy we lose the bailout money. The only part I like about GM going out would be parts will be obsolete. I can fix broken parts! I am not just a parts replacer but also a parts repairer. I can fix broken circuit boards, I can fabricate metal parts by my own hands. People like me will be in high demand in the years to come. I also like to share my wealth, I don't hoard it. I like to help the poor for next to free. As long as I have video games, a shower, food, bed and weed, I am good.
If GM goes down some people will be alright, if you are one of them good for you.
As for the bailout money, $25 billion compared to $2.2 trillion in the Financial Sector, it is completely chump change.
Don't worry about it.
The credit default swaps will make it look like peanuts.
The unions will be wiped out. The bond holders will be screwed, but watch the swaps, many of the bond holders don't care. Here is a segment on Bloomberg about bond holders and CDS. They're called Vulture Traders.
The ripple jobs effect of GM will be enormous. More mortgage defaults, more CDO defaults. More CDS action.
Every dollar of default in the Credit Markets can mean ten dollars of action in the Derivatives Market.
The world wide Derivatives Market is $680 trillion.
This financial world is a nightmare unfolding.
remanned/rebuilt/aftermarket parts market for GM, even if GM does go under...we'll still be seeing their vehicles for YEARS to come.
the roads. Had an Impala myself. Also a Corvair. Looked just like the one I like to post to torment Alice with everytime she mentions the N person.
You had a Corvair?!?!?
That was yours in that picture?!?!
I had a one. It have a very nice steel dash board. It had no seat belts because they weren't required.
Fortunately I never ran into anything.
Much later after all his enormous effort seat belts were added, dash boards were padded, and then equipped with air bags.
Every time I get in a car I thank Mr N. So should you.
my little silver blue Monza covertible was a joy. The slightest drizzle would send it spinning in 360's across both lanes of the IH 610 interchange in Houston. My father in law had one I discovered after I married my wife. He put a load of bricks in the trunk to offset the rear engine weight. He, however, was a grown up and former AF flight mechanic who cared about things like balance.
The one in the picture, alas, was not mine. Mine drowned in a high school parking lot during a slight Houston rainfall.
"GM can't make it"
Nonsense.
The elitists who sneer at anyone who would even think of purchasing an American car are behind this schadenfreude towards GM.
GM should be allowed to reorganize and should receive any help it needs.
When you put something I have written in quotation marks please include the entire phrase which was:
The auditors say GM can't make it.
Here from Bloomberg.
This really isn't anything new. GM's cash burn and cash position compared to sales guaranteed that they would be back for more government money by the end of March. That was apparent in November.
Washington is captive to Wall Street handing over vast amounts with hardly any comment.
Yet when the automakers show up they are crucified for pennies on wall street's dollar.
The bankruptcy meme is a bust the union refrain.
They didn't throw that entire show together in two hours. It was well planned, which means the schmuck was wise to bail. He would have been taken down to his face.
But he probably knew that. Coward.
No, he's not wise, but COWARD I can get behind. If you can't back your own opinions (right or wrong), it's best to keep your mouth shut.
I'm sure they were going to lead in with some of that bit, but just expanded it to fill in the time.
I think Jon should have that columnist guy back on again. He seems like a pretty straight-forward guy.
this aired last night. you do the math on how many days they put this together. He wasn't wise, he isn't wise. he is a coward looking not to be punked like carson before his contract is up this summer for his supposed pay day for his GOP demagoguery.
should keep it in mind, it's a TEEE VEEE show.
Merrill Lynch. They are to paraphrase M. Steele, "off the hoof."
Nothing like practice to sharpen those skills. This has been enjoyable to watch, to say the least...
:D
Definitely watch the whole episode. It was entertaining all the way through and I learned more about the crisis that I don't hear on the MSM.
I actually learned a lot from that clip. And, of course, Jon is hilarious.
He is a national treasure.
We should send this to everyone that atteneded CPAC. (Convention Paid for and Attended by Cu#nts.)
From start to finish, hands down, truly one of the best 'Daily Shows' I've ever seen (and I watch the show religiously!). Jon Stewart and the writers of TDS outdid themselves last night. I especially loved the "Fuck You" towards the criminal billionaire Stanford - priceless!
Brilliant!
But it would not likely have been uglier had Santelli kept his date with TDS. Likely Stewart would have been polite and inquisitive, but he wouldn't have scorched his guest like this clip did.
Unless, of course, he PLAYED the clip with Santelli sitting there, THEN had the interview, with his now greenish-hued guest.
All the same, this bit was pure brilliance. I am sending around even now. Shame we have to go to a comedy network for our news, eh?
if he had gone on his show instead of rushing off to save the economy.
I dunno. Letterman has a way of getting his digs in, regardless. But, he is always civil to his guests. He trashes them the next night (if they deserve it), and for weeks afterward. Beware.
...and I think we all agree, this is an instance where doing a TDS breakdown was far more effective than an likely-too-civil interview with a guest.
Unless, like I said, they showed said guest the clip.
Heeeheeeee....THAT would be fun.
Stewart does seem to go a little "Kermit the Frog Hosting the Muppet Show" with most guests.
Probly b/c hes basically just a decent guy ...
And it's tough to be a total a$$hole to a guest's face. If you insult them, you may not only end up with egg on your own face, you may also get punched.
That's why Bill-O-Lies, Rush Hindenburg and O'Manatee never have guests they disagree with sitting next to them as they speak. Imagine Sean Penn suffering someone like BillO. I can't.
At the very least, that has to be arranged ... get Penn close to O'Reily during a party when they've both had a few ... get a camera ...
the perfect diplomat. He can tell someone to f**k off and make him laugh about it, or at least smile.
But Letterman's not Stewart, and Stewart usually goes after members of the MSM. For what it's worth (and, really, it's worth little), I think Stewart would have hit Santelli pretty hard.
...to think so, but my jaw wouldn't have hit the floor if he hadn't. We'll never know.
but there is no telling what would have happenedd if Lincoln skipped the Civil War, eh?
Sure! Whatever you say.
Hey. Lookathat: Lunch time! I'm gonna go feed my face.
Keep it rolling, Reps, Dems and whatevers.
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:)
Guess we'll have to specualte on this too.
...before it was deleted. I am not even sure what he was getting at.
[shrug]
My little dog was laying here beside me in his bed asleep and when I laughed out loud at your comment I woke him up. He says not to worry, he's already going back to sleep.
...pop? Curious what got you laughing, 'cause if was me that brings me happiness. I like it when I can make people laugh. If it was ricky, then good on him, too.
Ok, I mean it! Lunch!
I'm so sorry, it was Ricky at 12:49. But don't worry Bonkers, you have made me laugh many many times. :)
although that may not have been the fare. I hope your little dog dreams of bones falling into his plate like stock prices.
He's saving his allowance until the market tanks and then he's going all in for dog toy stocks. He's one of those "losers" who lost his first home, went into foster care, then finally had to move in with me. He and I have decided this will be his home for many many years to come. :)
pup, pop.
We both are lucky, Jo, especially me! I have had him a month today and we have had more fun in that month than a barrel of monkeys. Talk about a wise investement! I got the little dog and the rescue group got a more money to support what they are doing. Who needs Wall Street?
he probably has more bathrooms in his dog house than me. I'm not gonna pay for that!
He says, outside my house, the world is his bathroom. You will not be charged
Eggs? Another dog? Or was he lying there?
My dog doesn't lie. He lays down and if he did it in the past, he was laying. If he was a liar and he told a lie, he would be lying.
but your dog lies down to go to sleep, your chicken lays eggs, the guy next door may be laying his girlfriend, after laying his pants on the chair, then he too may lie down to sleep.
Consider Rick Santelli neuter'd.
He'll go on spewing garbage. He has an audience of Republicans. They have no shame.
noted that the trading floors always had CNBC on. These fools feed on each other.
It is interesting to me that this Daily Show episode was equally as informative as the Frontline Special. But Comedy Central does not show Lawrence Welk and David Brooks so I'll keep sending my local PBS station part of my unemployment check.
....."so I'll keep sending my local PBS station part of my unemployment check."
That line is a classic!
Way to go ricky. I'm still laughing.
the Complete Works of Edmund Burke is overdue at the library and today is the free day at the Lawrence Welk Museum. It was funded by an earmark so I've gotta go before McCain gets it shut down.
Yes, it's a feedback loop. Just like the MSM proved with the "Reverend Wright" thingee.
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I love me some split pea soup followed by a chocolate shake.
Stock market. CNBC. Right on thread and tasty with cornbread.
... that Cramer tried to defend his Bear Stearns rant - with chart in the background - that he meant that people should keep their money invested in Bear Stearns, but is that believable?
If he did mean that, then why would he not have mentioned that funds on deposit in a financial institution that is FDIC insured, are safe up to $250k?
The guy is just simply lying.
These days, we need more FUCK YOU! said when discussing these asswipes.
As when Stewart said it to Mitt Romulin when he questioned people's patriotism. I think that's the angriest I've ever seen Stewart.
This segment of the Daily Show was a great indictment of the "wisdom" of the CNBC loonies! Go get 'em, Jon!
Nothing more to say.
Santelli was just a propaganda messenger for the BANKs. with the unemployment numbers that have/are coming out many people are victums or collateral damage. businesses couldn't get commercial
paper/loans and smaller businesses can't get loans/credit,,,,,,,so they lay people off. local government
and corporations are losing MONEY on their investments BONDs so they lay off. in addition to that there are people who have the money/credit/documentation but refinancing is difficult when your property is underwater and your comparable properties in the 1 mile radius used to compare are underwater and losing value. the BANKs don't like taking losses on these mortgages.
BEST opening segment for "The Daily Show" EVER!!!
And shows that the Daily Show and theonion.com have more balls than the entire MSM combined.
crushing blow to the intended targets with a lot of splash damage to anyone associated with CNBC. Good fragging Jon.
was propped up by men like Rick Santelli and his friends on CNBC.
When will these people go to prison where they belong?
Stewart rocks.
This is one of the best segments I've seen.
The MSM could learn a thing or 50 from Stewie.
I am getting some serious chuckles from the desperation of the trolls in these threads. They no longer have anything to answer with, talking points exhausted... all they can do is try to somehow change the desperation.
The concern trolls, most of them, it seems they gave up. We must be witnessing the collapse of the failed policies of the past few decades.
The silver lining is that there is going some massive clean up, and these turds will be washed out. I am afraid however that the cleanup will have some seriously turbulent aspects. It's going to be a bumpy ride.
But in the end, we will come off better. Hopefully we learn from our mistakes, and we will never allow these vermin to rule us.
No mas!
blaming Obama for the collapse of the troll market. May the Invisible Hand shake its palsied fist at you.
Jon Stewart voices my feelings towards corporate America, Wall Street, and the wealthy ... F*CK YOU! They are wealthy because they pay poverty wages, pay a lower percent in taxes, send our jobs over seas, and raise the cost of living. BTW, about that one stock market douche bag standing next to Santelli that shouted "Off them", when asked about helping people who are losing their homes. I hope that greedy bastard loses his home so he will understand what it feels like. The greed of corporate America, Wall Street, and people like Santelli is sickening.
*clapping* Here here! I agree!
He should at least--AT LEAST--lose his job for being an insensitive prick.
That "Wolfman" POS was probably an Enron trader at one time.
Stewart's piece is priceless, yet my enjoyment of it is ruined by the response to it I am seeing.
So-called "real news" corporations, which are as inept as CNBC and are part of the problem, have been whining that Stewart's segment was "unfair", that it was a "hit piece".
I would like those pricks to answer two questions, though no doubt they would lack the spine to answer if they heard them:
1) Name one fact about the stock market and economy that Stewart got wrong.
2) Name one statement made the CNBC morons which Stewart misconstrued or took out of context.
The obvious answer to both is none, but to admit that fact is beyond them.
I love to watch Stewert do his incredible wonderful thing. First use humor to lower the fear that conservatives use to manipulate people. Then while the fear level is lowered slam your political points and truth home with even more humor at that perfect open teachable moment. Conservatives don't know what to do with this as they only understand how to scare folks but never learned to make them laugh (at least not on purpose)...for example I give you Dennis Miller. Both Stewert and Colbert have perfected this style of teaching with comedy. They keep conservatives and even progressives more honest. Together they offer one of the best and most informative hours on TV. I Think they are as valuable as Frontline, Bill Moyers, and News Hour (all of which I enjoy) in their own way and reach a lot of people who never find PBS Shows.
If only the CNBCs and NBCs and CNNs and Fox News (oh, forget them, they're a lost cause) were doing their jobs, this whole thing wouldn't have happened.
Thank you, Jon.
You know why? Because the comedians in television are the only dependable source of information. They are the only ones who see the big picture.
Jon stewart is quite an asset to the network.
Last night was the first time I caught TDS on TV. I'm in Canada, so I think its only been on basic cable for a short time. I'm so glad I caught this classic in real time!
I am watching this Daily Show episode right now - Jon Stewart is so brilliant and on target that he's awesome to behold.
This legion of broadcasting millionaire pundits and dancing monkeys from the 'winners circle' of the out of control Three Card Monty game of Wall Street/Stock Market/Ownership Society are less believable than the guy in that Sham-Wow infomercial. Since Saint Ronnie Reagan let slip the dogs of deregulation and unchained the raging beasts of unlimited greed we have been riding this roller coaster towards its inevitable end - where we are right now.
I only pray that some clear thinking and unflinching assessment of reality will guide our society through the painful and necessary transition to a better regulated, more mixed, and more economically just system of capitalism tempered by conscience - supplied by a democratic system that promotes the best interests of society as a whole - until the next time that myopic selfish avarice manages to subvert any sort of balanced society and run it over a cliff, like we have all recently experienced.
This Daily Show episode does deserve an award.
game,
set
and
match!
Ka-ching!!!!!!
Thank you.
Thank you Jon
these fucking thieves, it's not enough for them to rip everyone off, they want to bitch about helping out the people they so totally screwed. they should all be bullwhipped.
It's only funny if you ignore the criminality of what Stewart is exposing.
A financial press that acts like nothing but cheerleaders for greedy criminals as they fleece an entire global economy is not really funny, but seeing them exposed like this is certainly gratifying.
Shame that the so-called "real press" has no balls.
DON'T MISS Colbert's show on Ayn Rand - it's just as important and it's priceless.
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