One of the best daily show episodes i saw…
Here it is and it is a must watch!!!!!!
Here is the best quote of this entire show:
“Isn’t the dow jones industrial average, just a short twitch numerical representation, of a bunch of guesses, about other people’s assumptions, about the financial well being of, an arbitrarily chosen group of 30, out of ten’s of thousands of possible companies?”
That or some thing similar to that is what i would expect any sensible financial journalist to say, but there aren’t too many out there who can say and keep their job. Especially not on CNBC, the network which is taken to the cleaners in the first segment of this episode.
Then this insight, which i think is one of the best thoughts about the bailouts of all these banks and insurance companies. It takes a total outsider to come up with some thing like this, and this is out of the box thinking. Regardless of this not being considerate of accounting practices and what not, this statement shows us how legislators should start thinking…..
“We are paying billions of dollars to the people who insured those crappy loans, and we are paying billions of dollars to the people who made those crappy loans. Aren’t we paying for the same crappy loans twice?”
Jon Stewart is probably the best news commentator out there, all because, no one takes the court jester seriously, but by virtue of that immunity, a court jester can criticize the king and tell the truth and get away with it.
