Jon Stewart Roasts Jim Cramer on The Daily Show

I know, I know, this has been all over the news, but I was ecstatic to see that Cramer had the testicular fortitude to play an away game on The Daily Show. My dad has been a big fan of Cramer's 'Mad Money' show in MSNBC for quite sometime. I'm not sure if he still is or not after I sent him this link.

That aside; however, I think it is important for us to realize the moral behind this exchange. The financial reporters must choose a side: they are with the big money investors and corporations or they are with all the little guys who are worried about how they are going to retire on accounts that have dwindled to nothing. Financial reporters on CNBC and other networks have the power to fool people into believing their 401k's are safe, slow money, and they shouldn't ever worry about them. While the market has shown a nice turn around in the last week due in large part to good housing reports, the economic situation our country faces has only highlighted the incompetence of our financial reporting. As Jon so brilliantly points out in this clip, these reporters are in a privileged position to ACTUALLY report the news and hold these scumbag executives accountable for their deception and lies. I'm not jumping on the scumbag executive bandwagon, I want to make that clear. I know plenty of successful business owners who have done the right thing for a very long time and don't take advantage of others.

That being said, where is the oversight? These corporations have got to become more transparent, and we have to make the way they report their financial health accessible to all of us. We shouldn't have to dive through 9000 documents to understand the bottom line and to realize that something is wrong. This way, investors themselves and any others who have the inclination to become civilian watchdogs can ensure that these companies are not burning the house down and running away rich. Companies these days are far too large and far too complex for the Government regulators to control them (case in point: the current controversy over AIG bonuses). So Mr. Cramer, I think it would be a good and noble thing to put away your fart machines and cow horns, and make your show entertaining by exposing those who are stealing our money. If there is anything this recession has taught us, it is that we need to be happy with less "things" in our lives, and we need to hang people by the haunches who are using investors money to buy $1000 trashcans (yes, that really happened). This is America. We will bounce back leaner, stronger, and more capable of exposing a disgusting greed that bleeds our country of its riches and its integrity.