Making Dough

Jim Cramer has booked a public relations “tour” similar to the one Rod Blagojevich went on in the final week before he was impeached. Maybe Cramer sees it as the only way to salvage something out of a losing situation.
Cramer should not use the word shenanigans to describe lawbreaking that has actual victims. This is not college fun. Still, I’m more inclined to forgive people who ask for forgiveness than people who don’t.
We’ve learned that there’s no substitute for government regulation – the market will not punish people who cheat. However, because “cheating” is subjective, it’s often unclear who’s really at fault when financial transactions don’t work out as planned. Adults who sign contracts take on the risks inherent in that particular type of transaction.

Wow. What losers, the both of them.
Look at the fake back-drop of the city. It’s a show. Everything’s a show these days. Cramer’s cartoonish face, while pounding on the dough, reminds me that he’s not serious about the repenting tone he was espousing on Stewar’s show. Pretending to pound Stewart, I’m reminded that we all got pounded by the banks and the CEOs after they pretended to be sorry and asked for bail-outs. As soon as they got what the wanted, they went back to pounding the bail-out money and making more dough for themselves by giving themselves lavish bonuses.
The CEOs begging for bail-out, put on a show for us and we bought their act. Then we bought their act and gave them more money. Cramer put on a show in front of Stewart. Then he put on a show in Martha’s kitchen and entertained us.
Fake. Fake. Fake. Everyone is fake these days.

http://sparklepony.blogspot.com/2009/03/baloney.html
I viewed the above SP post prior to this Bag. Good observation by SP, and now seeing Cramer’s cuff-links in this Bag photo I have to agree that Cramer rolled up his sleeves as a part of his performance on the Daily Show. His show is a joke(always has been), thus so is MSNBC. Martha still rocks and she did bad in the past but she never tried to influence the market(s) the way MSNBCramer did/does/will continue to …
Thank cod for the comedians – The only honest journalists remaining.

CNBCramer, my bad.

Jim Cramer is just the latest public figure put in front of us to convince us that histrionics equals passion, and passion somehow equates to excellence. We are supposed to draw the inference that these figures must know something that we don’t; their display of passion is supposed to demonstrate how of course their beliefs are not mere beliefs but actual truth, and they are just being impatient that we aren’t seeing yet what is so clear to them. Passion as credibility.
What utterly disgusts me is that, when challenged by Stewart on all his wrong calls regarding the stock market, Cramer retreated to the “I’m just an entertainer like you” defense. I fervently hope Stewart’s takedown results in some changes. His ridicule has been effective in the past. At the very least I predict CNBC quietly retires the ‘In Cramer We Trust’ tagline.

It is all showbiz.
Talk about your “bread and circuses.”
Martha knows that making dough is way more hands-on and gentle than this.

Here was Cramer’s ‘Mad Money’ on-air response the day after his interview with Stewart. Talk about a first class pr**k.
http://rawstory.com/news/2008/Cramer_dodges_any_mention_of_Jon_0313.html

Another bombastic, 2D loudmouth exposed for the groveling, sniveling coward that he truly is. It always happens when they descend from their bully pulpit and are forced to deal with real people- and Jon is as real as it gets. Remember how quickly a profusely sweating Rush imploded when he actually had to interface with live non screened audience members on his quickly aborted TV debacle?

While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?
China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.
The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron with 30 plus years in the investment business and banking industry.

Let’s see, Martha Stewart… Isn’t she the convicted felon who spent time in prison for financial manipulation and wrongdoing? Very appropriate to see them together!

more history:
http://gawker.com/5169531/the-jim-cramer-indictment-five-more-counts?skyline=true&s=x

The spillover of Hollywoodland into reality continues unchecked. Can any of us even name a mainstream ‘news’ or interview show that brings even a modicum of sane, interrogative and meaningful exchange?
I’m scratching my head.
XO
WWW

Sadly the answer to this question, “how these lightweight, impulsive, reactive and excitable 2-D figures such as Cramer, Rush, Steele, Palin, McCain, etc., could have ever been taken seriously in the first place.” is that, after observing the infantilisation of America over most of my nearly 60 years, there is no surprise at all.
There is shock, horror and a nasty feeling in the gut, but no surprise.
Bush was the apotheosis of everything that America had espoused over a generation (mine)
When Churchill observed that the US always does the right thing, but only after it has tried everything else, he really did mean EVERY LAST DAMNED THING, however idiotic.
The only real question now is whether the hard left turn has come before or after the thing has gone off the cliff.
Those of us at the bottom (in my case NZ) hope you guys made it because we are in no shape to catch you at the bottom.

“…these lightweight, impulsive, reactive and excitable 2-D figures…”
Exactly right.