Bio • Email • Archive
 

Jon Stewart's rant

Boy, they're really not very bright over at CNBC, are they? Don't they know that just about the worst thing you can do is agree to have one of your people appear on "The Daily Show" and then back out, especially when that person is the now-infamous Rick Santelli? Or, as he is now being dubbed, "the incredible Santelli." You might recall how Santelli went into a rage on the floor of the Chicago Mercantile Exchange over the Obama administration's bailout of bad mortgages. He called them "the losers' mortgages." A Wall Street-connected guy who is groaning about bailouts? As you might guess, Stewart had a field day in laying out all the instances of CNBC’s brown-nosing and wrong calls. Says Stewart:

If I had only followed CNBC's advice, I would have $1 million today, provided I had started with $100 million. How do they do it?

Best part of the bit is from a hard-hitting CNBC interview with billionaire Allen Stanford, whose Stanford Financial Group is now implicated in a massive Ponzi scheme.

Is it fun being a billionaire?

Well, yes, I have to say it is fun being a billionaire.

"Bleep-you," says Stewart.


More by Mark Lacter:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
Previous story: Thursday morning headlines

Next story: Stunning numbers

New at LA Observed
Follow us on Twitter

On the Media Page
Go to Media
On the Politics Page
Go to Politics

LA Biz Observed
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
LA Observed on Twitter and Facebook