CNBC Guest Tells Truth, Calls Cramer Shallow, Is Yanked Off Air

Tyler Durden's picture

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nope-1004's picture

HA!  What a laugh.  Thought maybe Pisani or Liesman might chime in and argue the gender of the head of the IMF.

 

Way to go "leader in business news" channel.

WaterWings's picture

Calm, collected, erudite SMACKDOWN.

Bitches!!!

Strider52's picture

Cramer vs. Creamer.

  I feel sorry for Cramer. He already has "Mad" in his TV show's name. He's an older, bald guy trying to make a living, but he pretty much plays a clown with all those bells and whistles and "Booyah's". And he got creamed a while back by one of those "Daily" shows, making fun of how often he's wrong.

  It's too easy to make fun of Cramer.

Pamela Anderson's picture

Erin Burnett... this is precisely why I don't like you. You are stupid enough to defend the undefendable, just because as you pointed out a couple of months ago in an interview "Money is what makes the world go around..." You are just the pretentious daughter of a wannabe farmer, whom played a sport that only rich and spoiled girls played.

Keep defending Cramer...keep licking Mr. Trump's balls... and keep pretending that you do a great contribution to our society by doing your "job" at CNBC. I salute you Erin Burnett:

http://mafiaman.glogster.com/mooning/

 

 

Cheeky Bastard's picture

Cramer, I know you are reading this so i have a message for you;

Fuck you motherfucker, when your ass lands in jail i hope Bubba takes a grand tour trough your body cavities, spelunking style.

Fucker.

Cheeky Bastard's picture

NBC, or whomever owns that two bit piece of shit CNBC [Pump&Dump TV] should fire ALL the people who regularly appear on the screen, if not for the sake of credibility, than as a prevention to be named as one of the defendants in a class action law suit that will surely follow if the investigation into GS gets the ball rolling. I would not be surprised if some mid-cap hedge funds and pension funds decide to take all the people responsible in front of a judge in both civil and criminal charges. I say fuck em, fuck em all. Let them lose everything they "earned" while working in favor of a banking cartel. Money honeys can sell poontang for a living and the guys can fuck each other and earn commissions on "volume".

Rick64's picture

CB

I feel like you write, but your version is much funnier.

BlackBeard's picture

Just one small suggestion.  Instead of "spelunking" style, how about NY subway style?

rebeltraders's picture

CNBC is just disgusting. Want to tell the truth? Then CNBC does not want you.

Hephasteus's picture

The first casualty of war is the truth. We've been in economic war since the first civilization began.

FEDbuster's picture

Maybe Cramer and "Fabulous Fab" can bunk in a triple with the biggest, baddest Bubba they can find?  I would pay to make sure Bubba had a steady supply of Viagra worked into his diet.

Cookie's picture

I pray for this outcome daily!!

Howard_Beale's picture

Watched it live--couldn't believe how Cramer was brought in with his "sources" and the market ramped. It was like being Gasparinoed during Bear and Lehman. Phucknut Cramer made a real fool of himself. Erin Burnett, the other Goldman alum, just lost what little credibility she had (and that wasn't much).

TraderMark's picture

Don't forget pre Bear we were Gasparino'd almost every 3rd day (after 3:45 PM of course) on Ambak or MBIA rescues

 

They recycyled that story at least 5-6 times and pumped the market 1-2%+ almost every time!

TwoJacks's picture

how does anyone still watch that channel, even to record nonsense like this?  wow

Let them all fail's picture

Not sure, I actually go out of my way never to watch anything on this channel...The reporters (if we want to call them that) on CNBC are embarrassingly laughable, aren't they aware of this?  I don't know how I could live with myself if I was them, they must have to take some damn hot showers with lots of soap at the end of the day to scrub away the filth they spew all day.

sgt_doom's picture

You make an excellent point, TwoJacks.

I mean, this is the same Daffy the Duck clown (Jimmy Cramer) who proclaimed awhile back that "..the subprime meltdown is nothing to be worried about...." --- and several days later starts bawling on TV begging for a government bailout of Wall Street.

Even when it comes to mewling and begging, Cramer a complete wuss.....

dabug's picture

Actually I thought that was brilliant entertainment, was thinking I may have to start watching regularly, still grinning :-)

fsudirectory's picture

Don't give them the ratings, just wait for clips to show up on here, you know, until CNBC files copyright claim against the youtube video.

ZeroPower's picture

Faber asks "why did you need to create a synthetic market for mortgages" (CDO market) when an exisiting $12T one already exists.

To him i reply, what do you think structured finance is? And you do realize a CDS is nothing more than a synthentic position in a co's bond matched with a UST of the same maturity? So why create these CDSs?

Finance just gets more exotic by the day. Dont ask 'why did we get here?' but ask 'whats next?'.

Howard_Beale's picture

Faber is one of the last real reporters on CNBS. He actually knows a thing or two. Now let's get ready to see what Ratigan does for Joe Q Public. This could be fun.

2 minutes later: Ratigan having a field day with this!

velobabe's picture

dylan had one today.

except he never really let nomi speak much.

she was quite gracious about it, i thought.

thought the CT AG was sincere. should i?

 

             some of you guyz have twisty visuals in your brain, just saying.

fsudirectory's picture

Since when does Ratigan ever let someone talk?

 

You should be well aware of that prior to appearing on his show, that he will take the first 3 words out of your mouth and run with it.

However, he usually puts on a good show now that he has left the Wall ST Fluffer station

Citizen of an IKEA World's picture

Faber sounds like a complete idiot . . . like some Friday fill-in drafted from the remote production crew of Top Chef Masters trying to bullshit his way through 90 seconds of screentime.

ZeroPower's picture

(double post :x)

TraderMark's picture

Today was like the best day ever in markets. Goldman kicked in nuts and Cramer undressed.

If only the other 364 days could be so blessed :)

Missing_Link's picture

+  ...   oh, Jeez, I can't count that high.

FEDbuster's picture

Thanks for the good laugh.  That was a good one! 

I am still waiting for the Don Harrold commentary on the Cramer smackdown on Youtube. Don has been bitch slapping Jimmy for a couple of years.

Mark McGoldrick's picture

Don Harrold is an obsessive compulsive idiot, who appeals to an audience with the same intelligence level as Cramer's audience. Sorry to be so blunt, but that guy is a creepy stalker who has been riding Cramer's coattails to the point of psychotic obsession.

I'm not defending Cramer.  I think Cramer has, over the years, caused far more harm than good.  But Don Harold?  Give me a break.  The ZH audience is not the Don Harrold audience.    

FEDbuster's picture

No one says you have to be a fan on Don Harrold.  I am just looking forward to his reaction to the CNBS segment. 

The only Youtube commentator I really enjoyed and miss is Kevin Rowland aka "walstreetpro2".   Here's one for all those who sent in a check on Thursday:

http://www.youtube.com/watch?v=UE3f2GNlVm8

Cognitive Dissonance's picture

The hang dog "serious" face on Cramer when he "broke" the news that his "sources" had told him GS had a position in the fund, so they couldn't possibly have done anything wrong and making the law suit moot, was priceless. Even Erin was a bit surprised Cramer would be so publicly certain about the vampire squid's innocence.

Well, if Cramer says GS is innocent and did nothing wrong, that's good enough for me. In fact, I'm getting out my very best linen stationary and gold fountain pen tonight and I'll write Blankfein a personal apology for ever doubting him. 

Gold...Bitches's picture

Actually, what made me laugh was Cramer going "Take it back, take back what you said".  What a fucking joke.  Are you five years old Cramer?  Jesus.

Forbes's picture

>Are you five years old Cramer?

Yes.

Mark McGoldrick's picture

I agree.  Cramer's breaking news before this particular segment seemed so....contrived.  And it was also apparent that Cramer seemed particularly unnerved by these fraud allegations.  He acted less like a reporter, and more like someone trying to frantically manage some damage control. 

I know this sounds cryptic, but it was one of those moments when someone's face and tone say more than their words.

In reality, all he did was "report" some sort of half-truth that added up to nothing.  

And it was immediately obvious that the breaking news wasn't news, but rather a lame attempt to scare the shorts and reverse the selloff.

 

 

 

Confused's picture

Wow. He just got the old vaudville hook huh? haha. Good for him.

Mont Bleu's picture

Of course he's part of the Baruch MFE team: these guys know their stuff

conspiracies are nothing of the sort's picture

GS is taking one for the team. It is civil. They shorted everything and were buying massive amounts of vol yesterday. God knows how much APR they bot for free and for the kicker they had gold and silver obliterated for the good ole USA!

 

Remind me again why Gold and Silver get crushed on days like this. Flight to bull shit?

Entremanure's picture

Most likely Paulson & Co dumping gold from their gold hedge fund to raise liquidity for their exit to a non-extradition country.

Mitchman's picture

This is pitiful watching.  Faber is all but absolving GS and is taking a "Nothing to see here folks.  Just move along." attitude.  Cramer is being unusually stupid.  And the one guy who is actually saying something cogent is the guy who gets thrown off the show!  Then people can't understand why networks like Fox lead all news ratings categories. 

Carl Spackler's picture

I am waiting for Cramer to, "my trust fund is long GS."

THAT is why he is acting so foolishly today.

Hephasteus's picture

He'd never say that. He'd say my "CHARITABLE trust". Because it's ok to manipulate and steal if it's for CHARITY. Though for some reason it's not working. Maybe because they only get 2 percent of the proceeds.

kilroy's picture

I miss Jeff Macke.

Cheeky Bastard's picture

+ "fucking used car salesmen"

Captain Obviousness's picture

Head over to Minyanville where you can read Macke's Goldman apologist article.