The Daily Show: Ears Edition - Jon Stewart's Epic Jim Cramer Takedown

Episode Date: October 5, 2023

In one of the most memorable Daily Show takedowns, Jon Stewart interviews Jim Cramer, the host of CNBC's "Mad Money," after a highly publicized week-long criticism of CNBC. Stewart grills the financial pundit about his responsibility as a "financial expert" and urges him to take on a more investigative role rather than accepting information given to him by corporations. Jon also shows Jim some old footage from Cramer's hedge fund days where he admits to the ease of manipulating markets. Lastly, Jon implores Cramer to rethink his strategy of finance entertainment when people's livelihoods are on the line. See omnystudio.com/listener for privacy information.

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You twit-blocked it on the interscape. People on TV have talked about how much people have talked about it. Ongoing grudge match between Daily Show host John Stewart and CNBC host Jim Kramer. People staying in hotels are wondering why it's on the cover of their free paper. Tonight, the week-long feud of the century comes to a head. Kramer, Stewart, in a 12-minute face-off that could marginally increase the very rate comedy central charges for 30 seconds of advertising time. Welcome to Brawl Street.

Get ready to buy load. And sell dime. Welcome to the Daily Show! I just dislocated both my shoulders. I'm John Stewart, baby. It's go time! Just a few moments, the host of CNBC's Mad Money with Jim Kramer. Jim Kramer. We're sitting right there.

And I, John Stewart of the Daily Show with John Stewart. I will be sitting... I will be sitting, where I'm sitting right now, so I'm probably not going to be moving. We'll be discussing the intricacies of the world financial markets. As you can imagine, I've been training all day. What does PE stand for? Uh, price earnings? How many stocks in the Dow? Biggest software component. Microsoft. Biggest hardware component. U.S. Steel. Wrong, maggot. Good. What is tier one capital?

Uh, term capital is a core measure of bank's financial stents composed primarily of equity capital and cash reserves. But? But also possibly including irredeivable non-cumative preferred stock and retain earnings. Let's do this thing! Oh, I'm ready, baby. I've learned it all. I've been studied. Did you know that the guy on the 20 was a president, but the guy on the hundreds? Just some fucking guy? I didn't know that. So what was my opponent doing today to prepare?

Please welcome Jim Crank. What? Yes! To prepare for the skirmish she appeared in public with a convicted white collar criminal. Not sure how that's going to help him. If you're mad at somebody, like John, make this is John Stewart. So it's cold. Now the patient is cold. Yeah, you do that very well. Mm-hmm. Mr. Kramer, don't you destroy enough dough on your own show? Boom goes to Dynamite!

How weird is our world? When Jim Kramer's on TV baking pie and Martha Stewart is the one who went to jail for securities fraud. That's weird. Let's get to the main event. What we've all been waiting for, or 150 or so people here. The host of CNBC's Mad Money, please welcome to the program, Jim Kramer! Sir! How the hell did we end up here, Mr. Kramer? What happened? I don't know. I don't know. Big fan of the show.

Who has never said that? Well, many people. Let me just explain you very quickly. One thing that I think is somewhat misinterpreted. This was not directed at you per se. 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 and then we decided to hit you with pies. I love the network, but I think the look, look, I'm watching

about myself. And I find myself laughing of course. I say to myself, it's not about me. But then the feces things things things things things things things things things things things things things things things things things things things things things things things things things comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes comes, I I I'm to to be about to be about their, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, look, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, I, I's the, I's the, I'm not, I'm not, I'm not, I'm not, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm not, I'm not, I'm then the feces things comes in I'm thinking could be about me yeah let me let me explain the mindset behind what happened so this fellow Rick Santelli who works on on your network he goes on to the floor of the Chicago Mercantile Exchange and he says a kind of a rant about loser mortgage holders people that borrowed money that they couldn't afford to have and they're losing their houses and why should we bail them out he turns in the the traders all shout yes screw them and uh... uh... to his credit he's been against bailouts from the start uh... he's consistent ideologically but

it struck us here as a bad form kind of ballsy for a guy who worked at a network that cheer lead the very banks that uh... uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh the the the the the the the the the the the the the the the the the the the the to to to to to to to to to their the the to to to to to to to to to to to worked at a network that cheerled the very banks that were doing 30 to 1, 35 to 1 leveraged loans for themselves, yelling at people who lost their homes, it struck me as balsy and maybe a little ignorant of the role CNBC and these larger banks played in the problem. I just like what he said. I thought that it was bad. I think the people who are left in their homes are people who are taking two and three jobs. They are not people who should be foreclosed on.

I didn't understand it. Maybe he is from a different background from me. I lived in my car. I don't think he lived in thin thin thin thin thin thin thin thin thin thin thin thin thin thin' thin' thin' thin' thin' thin' thin' thin' thi' thi' thi' thi' thi' thi' thi' thi' thi' that' tho tho tho tho tho tho tho tho tho-I tho-I that. I' that. I' that. I' that. I' that that that that that that that that tho tho tho that that that that that that that that that that that that that, I' that. I'm that. I'm that. I'm that. I'm that. I'm that. I thate that. I'm that. I that. I that. I th, it's a terrible thing to be foreclosed on and they're not losers, they're fighters and they're not getting a fair to fairer. I'm thankful you said that. But the thing I wonder about is, and this is, CNBC sells itself as financial experts. I think that's the slogan. the reporters and commentators. But I th, I th, I th, I th, I th, I th, I th, I th, I th, I th, I th, I th, I th, I th, I th, I'm, I'm, I'm th, I'm tho, I'm tho, I'm tho, I'm tho, I'm thi, I'm think, I'm tho, I'm tho, I'm think, think, think, thi, thi, thi, thi, I'm thank, I'm thank, I'm than, I'm than, I'm than, I'm than, I'm than, I'm than, I'm than, I'm than, I'm than, I'm than, I'm than, I'm than, I'm than, I'm than, I'm than, I'm than, than, than, than, than, than, than, than, than, than, than, than, than, than, than, than, the financial expertise that you need. And they have the access to the CEOs. And yet, they didn't catch any of this.

And here they are blaming people who don't have the financial expertise and saying that they're part of the problem. Their problem seems to be linear. It seems like the banks and those that cheerled them turned a gean arithmetic problem into a geometric one. They took a linear debt issue and by turning it into derivatives and securities and all that now it's a gigantic problem. Right. So so shouldn't we yell at them? I think that everyone could come in under criticism because we all should have seen it more. I mean, admittedly, this is a terrible one

and everybody got wrong. I got a lot of things wrong because 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, why were you mad at us? No, I... Because I was under the impression that you thought we were being unfair. No, you had my friend Joe No. Sarah Rowan and Joe called me and said, Jim, do I need to apologize? I said, no, we're fair game. We're big network. We've been out front and we've made mistakes. We've got 17 hours a live TV a day to do. But I certainly... Maybe you could cut down on that. I got an hour, I got I got, I got, I got, I got, I got, I th. I th. I got, I th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. that, that, that, th. th. th. tho, th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. the. the. the. the. the. the. the. th. the. tho. th. th. the. th. th. th. you could cut down on that I got an hour I got I got

one writer is my nephew he sits in this apartment with a pajamas type and stuff away well that 18 guys Aaron Burnett said you know in in Jim's defense he has to make these picks and and I thought is that a genetic condition why why to match picking can't you can't you not I have scaled but let's the first second I mean I would tell you that the show is th th th th th th th th th th th th th th th th th th th th th th th th th th th the th th the th the th. the the th. th. th. the the the the the the the the the. th. I th. I th. I th. I the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the th. th. th. th. the. the. the. the. the. theeeeeeeeeeeeeeeeeeeeeeeat. the. theeee. thee. the. the. I the. I have scaled but, let's deal with, first second, I mean I would tell you that the show's evolved as the market got tougher. I think evolved might be a strong word, mutated. Yeah, I don't mind that. I've never helped myself out to be anything, you know, a true Homo sapien in a lot of ways.

But I would say that the first segment is about the first segment is about the first segment is about the first segment is about the first segment is about the show I their their the show I the show I the show I the show I the show I the show I the show I the show I the show I the show I th thi that that that that that that that that that the show the show that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that the show the show the show the show the show the show the show the show is the first segments about the market, I don't want to get too granular because I don't want to, you know, people can watch me have money, but first seconds about the market, second segment I try to educate about diversification. Third, yes, I do pick stocks that I think will work, or I pick gold, I've been recommending CDs. I'm chastised, I'm chastised, like as you should think. The problem though isn't isn't isn't isn't isn't isn't seemingly isn't seemingly isn't seemingly isn't seemingly isn't seemingly isn't seemingly isn't seemingly isn't seemingly isn't seemingly isn't seemingly isn't seemingly seemingly seemingly being being being being being being being being being being being being being being being being being being being being being wrong, the the the the th. thin, thin, thi??, thi, thi, thi, thi, thi, thi, I'm, I'm, I'm, I'm, I'm, I'm, I'm si, I'm si, I'm si, I'm si, I'm si, I'm si, I'm si, I'm si, I'm their, I'm their, I'm their, I'm their, I'm their, I'm their, I'm their, I'm their, I'm their, I'm their, I'm their, I'm their, I'm thi., I said, you know, people say we've hit bottom, I think this thing's going down another 15 percent, and on Tuesday there was a stock rally about 300 points and you were dancing on the grave of the bare market guys. Well, I said that if we only went down 15, well I don't want, again, I hear you and you could that, I'm 5. Oh, I appreciate a th. And I'm a th. And I'm a th. And I'm a th. And I'm a th. And I'm a th. And I'm a th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. thi. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th..... And, th. And, th. And, th. And, th. And, th. And, th. And, th. And, th. And, th. And, th. And, th. And, th. th. th. th. th. th. th. thi. th. th. thi. th. th. th. thi. th. th. th. th. th. I appreciate you talking to me like I'm five. Oh, come on, man. That's not true. What I said was it could go to 5320, but if it went down there you'd start buying anyway. But if things got better, if we saw substantive stuff, then I would get more bullish. And Citi Group came out and said they made money. I thought that was a phasmagogical. Right. I'm four. thiaa five. I'm speaking up to you. All right, fair enough. We're going to go away. We're going to come right back with Jim Kramer, right after this.

Hey everybody, John Stewart here. I am here to tell you about my new podcast, the weekly show. It's going to be coming out every Thursday. So exciting. You'll be saying to yourself, TGID. Thank God it's Thursday. We're going to be talking about all the things that hopefully obsess you in the same way that they obsess me. The election. Economics. Earnings calls. What are they talking about on these earnings calls? We're going to be talking about ingredient to bread ratio on sandwiches. And I know that I listed that fourth, but in importance, it's probably second. I know you have a lot of options as far as podcasts go, but how many of them come out on Thursday? I mean, talk about innovative. Listen to the weekly show with John Stewart,

wherever you get your podcast. 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. All right, so this is Jim Kramer's promo. An economy of free fall. Investments on the brink.

When you don't know what to do, don't panic. Cramer's got your back. Mad money with with th, th, th, th, th, th, th, th, th, th, th, thi, thi, thi, thi, thi, thiomomomomom, thiom, thiom, thiom, thiom, thiomom, thiom, thi, thi, thiom, thiom, thiom, thoomom, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, th, th, th, thi, thi, thi, thi, thi, thi, thi, thi, is thi, has thi, has thi, has thi know what to do, don't panic. Cramer's got your back. Mad Money with Jim Kramer. Isn't that, you know, look, we're both snake oil salesmen to a certain extent. But we do label the show as snake oil here. Isn't there a problem selling snake oil as vitamin tonic and saying that it cures in Patago, etc., etc. isn't that the difficulty here i think that there two kinds of people there people they're people come out and they make

good calls and bad calls and their financial professionals and then there's the people who say they only make good calls in their liars i i try really hard to make as many good calls as i can i think the difference the difference the difference is the difference is the difference is the difference is the difference is the difference is the difference is the difference is the difference is the difference is the difference is the difference is the think the difference is not good call bad call, the difference is real market and unreal market. Let me let me show you that this is you ran a hedge fund. Yes I did for many years. All right. 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. It doesn't take much money. What does that mean mean th th th th th me th me th me th me th me th me th me th me th me th me th me th me th me th me th me th me th me the the. the. the. the. the. the. the. the. the. the. theate. the. the. the. the. the. the. the. the. the. the. the. the. the. th. th. th. th. th. th. th. th. th. th. th. th. th. th. the. the. the. the. the. the. the. the. the. the. the. the. the. theeeeeean. theeean. thean. theeeeean. theeeeeeeeeeeeeee. the. the. the futures. It doesn't take much money. What does that mean? Okay, this was a hyperbolic example of what I was trying to get people to,

you had a great piece about short selling earlier. Yes, I've been trying to rain 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 tryn. thr- thr- th. thr-a th. thiiii. tryn. tryn. tryn't tryn't tryn't tryn't tryn't tryn't tryn't thi. thi. thi. thi. thioli. thr-a. thioliolioliolioliolicic, a hyperbolic a hyperbolic a hyperbolic a hyperbolic a hyperbolic a hyperbolic a hyperbolic a hyperbolic a hyperb-a, a hypertheat. A hypera, a hypera, a hypera, a hypera, a hypera, a hypera, a hyper. thiiii. thi. thi. thi. thi. What I'm tryn't thi. What I'm thi. What I'm tryi. thi. thi. thiolioliolic, a hyperbolic example. thiolic, a hyperbolic example. tapolic, a hyperbolic example. thoic, a hyperbolic example thioliolioliiiiiiii. 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 like you were talking about that you had done it that i was in articulate because i i i did trade i'd barely traded the futures but i will say this i am trying to expose the stuff exactly what you guys do and i'm trying to get the regulators to look look look look 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 could care. That's right. And you can say that here. I can't say it on TV.

It's on TV now! I want the Jim Kramer on CNBC to protect me from that Jim Kramer. I think the way you do that is to show... Okay that's... the regulators watch the tape they realize the shenanigans that goes on they can go after this. Now they didn't catch Madoff, that's a shame. When you talk about the regulators why not the financial news network that's the whole point of this okay CNBC could be an incredibly powerful tool of illumination for people that believe that there are two markets

one that has been sold to us as long term put your money in for one case put your money in pensions and just leave it there Don't worry about it. It's all doing fine Then there's this other market this real market that's occurring in the back room Where giant piles of money are going in and out and people are trading them. It's transactional and it's fast? But it's dangerous. It's ethically dubious and it hurts that long-term market. So what it feels like to us? th. th. th. th. th. th. th. th. th. th. the thi. the thi. the thi. thi. thi. thi. the thi. their. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. their. their. their. their. their. their. their. their. their. their. their. their. their. their. their. their. their. their. their. their. their. their. their. their. their their their their their their thi. thi. thi. thi. teea. tea. tea. tea. tea. tea. tea. tea. tea. tea. tea. tea. the thterm market. So what it feels like to us, and I'm speaking purely as a layman, it feels like we are capitalizing your adventure by our pension and our harder,

and that it is a game that you know, that you know is going on, but that you go on television as a financial network and pretend isn't happening. Okay, first, my first reaction is absolutely we could do better. Absolutely, there are shenanigans and we should call them out. Everyone should, I should do a better job at it. But my second thing is, as I talk about the shorts every single night, I've got people in Congress who I've been working with to try to get the uptick rule.

It's a technical thing, but it would cut down a lot of the games that you're talking about. I'm trying. I'm trying. I'm trying. Am I succeeding. I'm trying. sober, rational individual. And the gentleman on mad money is throwing plastic cows through his legs and shouting, sell, sell, sell, and then coming on two days later and going, I was wrong, you should have bought, like, I can't reconcile the brilliance and knowledge that you have of the intricacies of the market with the crazy bullshy I see you do every night. That's English. That's treating people like adults.

How about if I try it? Try what? Try doing that? I'll do that. Look, anything I can't. Listen, it's not just you. It's larger forces at work. It is this idea that the financial news industry is not just guilty of a sin of omission thomomomomomomomomom thiiii. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. this idea that the financial news industry is not just

guilty of a sin of omission, but a sin of co-mission, that they are actually in bed with this idea. No, we're not in bed with them. I don't think that's fair. Honestly, I think that we try to report the news and I think that some people... A couple of guys do. The's fabulous. thrown the thoomk. I's, thr...ininininininininininininininin, I's, I's, I's, I's, thiiiia, thia, thia, thia, thia, thi, thi, thi, thi, tho, tho, tho, thi, thi, tho, tho, thoomoomo, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, thoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo... And, tha maybe two other guys. He's fabulous. Right. And he did, he's done some things that really blown the cover off a lot of stuff. But this thing was 10 years in the making. Right. And it's not going to be fixed tomorrow, but the idea that you could have on the guys from Bear Stearns and and Merlain and guys that had leveraged 35 to one. I know. And then blame. th. their th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. thin, thi. thin, th. th. th. th. th. th. thi. thi. thin is thi. thi. tho. thoe. thoe. thoe. thoe. thoe. the. the. the. the. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. the. the. the. the. the. the. theeee. theeeeeeeeeeeeeeeeeeeeeeeeeeeeea. tho. theeea. the. th never did that. No, but the network itself. I'm sorry, you're absolutely right. I always wish that people would come on and swear themselves in before they come on the show. I had a lot of CEOs lie to me on the show.

It's very painful. I don't have subpoena power. But don't, but you're pretending that you are a do-In't- I mean if I may just just roll two twelve roll two twelve no not two twelve now you can't ferment that's a violation of for men yeah you can't foment you can't create a yourself an impression that a stock's down but you do it anyway because the SEC doesn't understand it so you I mean it's that's the only sense that I would say this illegal now it's what it to 16 another stock that a lot of people are focused on right now seems to be Apple.

Yeah Apple is very important to spread the rumor that they both Verizon and Bell and ATT have decided they don't like the phone. That's very easy one to do because it's also you want to spread the rumor that it's not going to be ready for Macworld. And this is very easy because the people who write about Apple want that story and you can claim that it's credible because you spoke to someone at Apple because Apple is an entity doesn't represent. You know, I mean I got to tell you, you know, I understand you want to make finance entertaining, but it's not a game. And I, I, when I watch that, I get, I can't tell you how angry that makes me.

Because what it says to me is, you all know. But you all know what's going on. You know, you can draw a straight line from those shenanigans to the stuff that was being pulled at Bair and at AIG and all this derivative market stuff that is this weird wall street side bet don't you want guys like me who have been in it to show the shenanigans what else can I do i mean last night show i want desperately for that

but i feel like that's not what we're getting. What we're getting is, listen, you knew what the banks were doing, and yet we're touting it for months and months. The entire network was. And so now to pretend that this was some sort of crazy, once-in-a-lifet-time that nobody could have seen coming, is disingenuous at best, and criminal at worst. But Dick Fold, who ran Lehman Brothers, called me in. Right. He called me in when the stock was in 40, because I was saying that, look, I thought the stock was wrong, I thought

it was the wrong place to be. Brings me in. Lies to me, lies to me, lies to me. I've known them for 20 years. The CEO of a company lied to you. Shocker, stop trading. But isn't isn't their their?. I I I I I, isn't, I, I, I, I, I, guess, what do you feel like is the role of CNBC? Look, I have called for Star Chamber. I want kangaroo courts for these guys. I really do. I want indictments. We've not seen any indictments. Where are, where's the indictments for AIG? I've been, I've told the Justice Department The measure of the network and the measure of the matter is CNBC could act as, you know, in some ways, look, nobody's asking

them for them to be a regulatory agency, but can't, what, whose side are they on? It feels like they have to reconcile is their audience the Wall Street Traders that are doing this for constant profit on a day-to-day, the short-term. These guys at these companies were on a Sherman's march through their companies financed by our 401ks and all the incentives of their companies were for short-term profit and they burned the fucking house down with our money and walked away rich as hell and you guys knew that that was going on. Okay, all right, I have a wall of shame. Why do I have banana cream pies? Because I throw them at sea.

Do you know how many times I have pants, CEOs on my show? But this isn't, as Carly Simon would say. This song ain't about you. Okay, all right, you're right. I don't want to personalize it. But I think we have reporters who try really hard. th. that we have that we have that we have that we have that that that th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. to th. th. th. to thr- thr- thr- thr- the th. th. th. th. th. th. the the the the the the the the the the the the the the the the th. th. the th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. the. the. to the. to to to true true true true true true try. true true the. the. the. truth. But most importantly, the market was going up for a long time. And our real sin, I think, was to believe that it could continue to go up a lot in the face of what you'd describe, which is a lot of borrowing, a lot of shenanigans. And I know I did. I'll bring it up. overnight. I didn't. I knew the people who ran it that I had always thought they were honest. That was my mistake. I really did. I thought they were honest.

Did I get taken in because I knew them from before? Maybe to some degree. The guy who came on from Markovia was an old friend of mine who had helped hire me. I trusted him. Honest or not? Honest or not? the world is a 35 to one-o. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. thi. tho. tho. th. th. th. th. th. th. th. they they you 30% year after year after year beginning from 1999 to 2007 and it became very difficult to fight. Isn't that part of the problem? Selling this idea that you don't have to do anything. Anytime you sell people the idea that sit back and you'll get 10 to 20% of your money. Don't you always know that that's going to be a lie? When are we going to realize in this country that our wealth is work? That we're workers and by selling this idea of, hey man I'll teach you how to be rich.

How is that different than an infomercial? Well I don't think I think that your goal should always be to try to expose the fact that you, there is no easy money. I wish I had found Madoff. I wish everyone were sick. But there are literally shows called Fast Money. Well, I think that people, there's a market for it, and you give it to them, and I think we do- There's a market for cocaine and hookers. What is the responsibility of the 401k's in the pensions and the general public or the Wall Street traders and by the way this cast a spursion on all of Wall Street when that's unfair as well. The

majority of those guys are working their asses off. They're really bright guys, I know a lot of them. They're just trying to do the right thing and they're getting in their s. thii's getting thin thin thin thin thin thin thin thin thin, thin, thin, thin, thin, thin, thin, and thin, and thi, and thi, and thi, and thi, and thi's getting thi, and thi, and thi, and thi's getting thi, and thi, and thi, and to get to get to get to get to get to get to get to get to get to get to get to get to get to get to get to get to get to get to get to get to get to get to get to get to get the tha tha tha tha tha tha tha tha tha tha tha tha tha-s. tha-s, and thauui. thau-s, their thau-a'''a, their. thau. thau. thau. thau. thau. thau. thau. thau I think that as a network we produce a lot of interviews where I think that we've been, there have been people who have not told the truth. Should we have been constantly pointing out the mistakes that were made absolutely? I surely wish we had done more. I think that we've been very tough on the previous Secretary, very tough on the previous administration, how they didn't get it, very tough on Ben Bernanke. But at the same time, I... He's the guy, Paulson, is the guy who wrote the rule that allowed people to over-leverage.

I trash him every night. I've called him a liar on TV. What am I going to do an entertainment show about business for people to watch, but it's difficult to have a reporter say, I just came from an interview with Hank Paulson, and he lied his darn full head off. It's difficult. I think it challenges the boundaries. Yeah, I mean, I'm under the assumption that you don't thinininin, I'm under thin, I'm under thin, I'm thi thin, I'm thin, I'm thi, I'm the assumption, I'm the assumption, I'm thin, I'm thin, I'm thrown, I'm their their, I'm their, I'm their, I'm thr-a, I'm their to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have to have their, I have their their, I have their their, I have their their their, I'm a their their their their their their their their their their their their their their their thea, I try. I'm try, I'm a thr-a, I'm under the assumption that you don't just take their word at face value that you actually then go around and try and figure it out. So again you you now have become the face of this and that is incredibly unfortunate. I wish I had done a better job trying to figure out the 30 to 1 and whether it was always whether it was going to blow up. It did. Once it did I was late and saying that it was bad. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. thi. I was thi. thi. I was thi. I was thi. thi. I was thi. I was thi. thi. thi. thi. thi thi thi thi thi thi thi thi thi. I thi. thi. thi. thi. thi. thi. th. th. th. th. th. I th. I th. I th. I th. I th. I th. I th. I th. I th. I was th. I was th. I was th. thi. thi. thi. thi. thi. thee is to to to theeeeeeeeeee. to. to theeeee. theeeee. the. the. the. ththat it was bad. So maybe we could remove the financial expert and the

encramer we trust and start getting back to fundamentals on the reporting as well, and I can go back to making fart noises and funny faces. I think we make that deal right here. Thank you. That funny airs on CNBC weeknights at 6, Jim Primer. Explore more shows from the Daily Show podcast universe by searching the Daily Show, wherever you get your podcasts. Watch the Daily Show weeknights at 11, 10 Central on Comedy Central and stream full episodes anytime on Fairmount Plus. This has been a Comedy Central podcast.

Survivor 47 is here, which means we're bringing you a brand new season of the only official Survivor podcast on fire, and this season we are joined by fan favorite and Survivor 46 runner-up, Charlie Davis to bring you even further inside the action. Charlie, I'm excited to do this together. Thanks, Jeff. So excited to be here and I can't wait to bring you inside the mind of a survivor player for season 47. Listen to On Fire the official Survivor podcast starting September 18th wherever you get your podcast.