Jon Stewart Rips Into CNBC

(Video) The Daily Show on Wednesday was supposed to feature guest Rick Santelli, a reporter on CNBC. Santelli is infamous for his rant against Obama’s mortgage plan, calling homeowners who are struggling to pay their loans “losers.”

Santelli backed out, or err, “bailed out,” as Stewart put it, from the interview. Instead, Stewart launched into a nearly nine-minute take down of the business news channel. Here are some of the ... Full Story »

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Normheadshottight_thumb
1.9
by Norman Rogers - Mar. 8, 2009

Jon Stewarts analysis is incredibly juvenile and completely misses the mark. These companies are not being bailed out to benefit the management or stockholders. The stockholders are generally losing everything. Depicting "homeowners" as victims is not reflective of reality.

The entire bailout is bad and can only be justified by urgent national interest, not to help people who were speculating in housing or using their house as piggy banks and certainly not to subsidize wall street types. Stewart contributes nothing except attacking one of the better informed media outlets.

(7 answers)

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