Jon Stewart Interviews Jim Cramer on Daily Show
March 13, 2009
If any of you missed the Daily Show last night, Jon Stewart interviewed Jim Cramer. Jim Cramer came on the show expecting to help assuage the situation it seems, but instead dug himself a bigger hole when Jon Stewart showed some clips of him from back in 2006. Jon Stewart illustrated very clearly the fundamental problem with the economy right now, and that is the trust in the system has evaporated.
Without some sort of criminal cases being pursued, and regulations being tightened dramatically, the system will not gain any sort of solid footing. The fact of the matter is that the Dow has retreated so much that it now will take 9 Years of consistent annual returns of 7% to get back to its previous high.
The unedited version has some profanity, and is a bit longer than the edited version that made it on TV, but worth watching nonetheless.
Part 1:
Part 2:
Part 3:
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