访谈录 2009-04-28&04-30Jon Stewart vs Jim Cramer金融危机

That’s weird 1. But of course this is not why you came here tonight. So let’s get to the main event, what we’ve all been waiting for or 150 or so people here. The host of CNBS’s Mad Money, please welcome to program, Jim Cramer. Sir.

How the hell did we end up here? Mr. Cramer. What happened?

I don’t know. I don’t know. Big fan of the show. But who’s never said that?

Well, many people. Let me just explain to you very quickly. One thing that I think is somewhat misinterpreted. This was not, uh directed at your per se, but I just want to let you know that we threw some banana cream pies at CNBC, you got a little obviously schmutz on your jacket from it, took exception.

I think that everyone could comment under criticism because we all should have seen it more. I mean admittedly this is a terrible one and everybody got it wrong and I got a lot of things wrong coz I think it was kind of one in a million shot. But I don’t think anyone should be spared in this environment.

So then, if I may, (Uh huh?) why were you mad at us? (No…) Because I was under the impression that you thought we were being unfair.

No, you had my friend Joe Nocera on and Joe called me and said “Jim, do I need to apologize to you?” I said “No”. We’re fair game, we’re big network. We’ve been out-front, we’ve made mistakes, got 17 hours alive TV a day to do, but I certainly…

Maybe you could cut down on that. We’re gonna go away. We’re gonna come right back with Jim Cramer right after this.

…

Hey, welcome back to the program. We are here with Cramer. So let me tell you why I think this thing has caught some attention. It’s the gap between what CNBC advertises itself as and what it is and the help that people need to discern this. Let me show you, this is the promo for your show.

Ok.

Alright, so this is Jim Cramer’s promo.

An economy in free fall, investments on the brink 2, when you don’t know what to do, don’t panic, Cramer’s got your back. Mad Money with Jim Cramer.

Isn’t that, you know, look, we are both snake oil salesmen to a certain extent.

I do not disagree.

But we do label the show as snake oil here, er…isn’t there a problem selling snake oil as vitamin tonic 3 and saying that it cures impetigo etc. etc. and etc. Isn’t that the difficulty here?

I think that there are two kinds of people. There are people who come out and they make good calls and bad calls. They’re financial professionals. And then there are the people who say they only make good calls and they’re liars 4. I tried really hard to make as many good calls as I can.

I think the difference is not good call, bad call. The difference is real market and unreal market. Let me show you, this is, er, you ran a hedge fund?

Yes, I did for many years.

Alright. This is...

You know a lot of times when I was short at my hedge fund and I was positioned short, meaning I needed it down. I would create a level of activity beforehand that could drive the futures 5. It doesn’t take much money.

What does that mean?

Ok, this was a hyperbolic example of what I was trying to get people, you had a great piece about short selling earlier.

Yes.

I’ve been trying to rein 6 in short selling, trying to expose what really happens. This is what goes on. What I’m trying to say is, and I didn’t do this but I’m trying to explain to people, this is the shenanigans.

Oh, it sounded like you’re talking about that you had done it.

Then I was inarticulate because I did trade, I barely traded the futures but I will say this, I am trying to expose this stuff exactly what you guys do and I’m trying to get the regulators to look at it.

Well, see that’s interesting. Roll 2:10.

I would encourage anyone who’s in the hedge fund to do it because it’s legal and it’s a very quick way to make money, and very satisfying. By the way, no one else in the world would ever admit that but I bet you care.” That’s right. “and you can say that here.” I can’t coz I’m not gonna say it on TV.