Wednesday, March 11, 2009

Jim Cramer vs. John Stewart

Huffington Post has a great video up today with an interview in 2006 with CNBC host Jim Cramer. Cramer has been the focus - justly so -of Stewart's barbs recently. I say "justly" in light of the interview. It's shocking to actually hear and see someone defend these extreme, egregious actions on the part of market players:

Money quote: "What's important when you are in that hedge fund mode is to not be doing anything that is remotely truthful, because the truth is so against your view - it is important to create a new truth to develop a fiction."

Fiction. I'm speechless.

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