The coming financial crisis

[ice grillin you]

no one watches the show for hard hitting interviews...they watch it to laugh thier ass off and see stewart urinate on people

sounds like youre looking for charlie rose

[Phanatic]

For just being on comedy central it's amazing how far reaching it is. It's very clever left leaning political banter.

Great show. Louis Black segmants are awesome when he shows up.

[ATV]

Cramer vs. Creamer...

http://crooksandliars.com/media/play/wmv/7552/26630

[ice grillin you]

i actually felt uncomfotable watching it it was such a massacre...it made stewarts destruction of crossfire seem like a love tap

[PoopyfaceMcGee]

lol...the show is on COMEDY central

There was nothing funny about it last night.  Stewart was going for the jugular, not for laughs.

The clips of Cramer talking about his hedge fund were pretty damning.

[rjs246]

Reaction to Buffet.

Explaining why Nationalizition may not be necessary and why bank are not likely to go out of business, even with no further intervention from the government.

[rjs246]

Basically a 'wah wah lay off of Obama' article.

But I found this nugget interesting and insightful:

The larger fallacy here is to assume that the stock market is a proxy for the entire economy. Many people realize that the stock market is an imperfect gauge. But it's not just an imperfect gauge of the economy-it doesn't even attempt to measure the economy. Stock prices represent the market's guess at the profitability of corporations. While that's related to the health of the overall economy, it's not the same thing, and sometimes the two diverge sharply. During the Bush administration, for instance, corporate profits soared while wages for most families flatlined.

[Diomedes]

worse still, most people think the dow is the stock market

[PoopyfaceMcGee]

worse still, most people think the dow is the stock market

It's funny because it's true.

[mpmcgraw]

Stewart ate Cramer's babies last night.

[Butchers Bill]

According to one respected economist this will become the "Greatest Depression".

http://www.abc6.com/news/41131932.html

I happen to think he is correct, but opinions vary.

[Rome]

We got letters from three credit card companies this week all reducing our credit limit on the cards.  Keep in mind I've been late exactly once in 15 years on one card, never late on another and twice on the other one because of a mix-up when we refinanced our house and paid it off (for some reason it didn't pay off the entire amount, I never knew about it and got hit with two late charges as a result).

They said my credit rating was at fault.  My credit rating is 734 right now.  Seven Hundred Thirty Four.

And these bastiches are getting bailed out by the government still.

Here's hoping they all die screaming.

[PoopyfaceMcGee]

Is it the principle the thing, or were actually planning to run up your cards near the limit?

[Rome]

I guess I should have posted it in the Bacon thread instead.

[Geowhizzer]

We got letters from three credit card companies this week all reducing our credit limit on the cards.  Keep in mind I've been late exactly once in 15 years on one card, never late on another and twice on the other one because of a mix-up when we refinanced our house and paid it off (for some reason it didn't pay off the entire amount, I never knew about it and got hit with two late charges as a result).

They said my credit rating was at fault.  My credit rating is 734 right now.  Seven Hundred Thirty Four.

And these bastiches are getting bailed out by the government still.

Here's hoping they all die screaming.

Our interest rates are being jacked up.  I think one's going to 12.9 or 13.9% interest.  We've never been late.  We try not to use them much, but have used them occasionally just to keep them active.

Oh well, more incentive to live within or means.