“I understand that you want to make finance entertaining, but it’s not a f*&$ing game”
Jon Stewart to Jim Cramer, March 12, 2009 –
“CNBC could be an incredibly powerful tool of illumination for people that believe there are 2 markets. One, that has been sold to us as long term. ‘Put your money in 401Ks, put your money in pensions, and just leave it there, don’t worry about it. It’s all doing fine.’
Then, there’s this other market, this real market that’s occurring in the back room where giant piles of money are going in and out and people are trading them and its transactional and it’s fast, but it’s dangerous. It’s ethically dubious, and it hurts that long term market so what it feels like to us, and I’m speaking purely as a layman, it feels like we are capitalizing your adventure by our pension and our hard earned money and it’s a game that you know…that you know is going on, but you go on television as a financial network and pretend it isn’t happening.”