A little while back, there were rumblings in the media about “The Crazy Guy Who Went Nuts on the Floor of the Chicago Mercantile Exchange,” or words to that effect.
You know how it is when you first become aware of a news story, you catch a little piece here and a little piece there... my instinct when I heard about this incident – and I had very little information at the time – was to think, “sweet! I’ve gotta see it.”
Unfortunately, I didn’t have enough information to find a clip of it. From what tiny bits I had gleaned, I thought it was a trader who had gone nuts and unloaded on a TV reporter... not a TV reporter going nuts.
Then, yesterday, Sandi sent me an e-mail with a link to Jon Steward’s interview with Jim Cramer – which I had caught a little bit of on television the other day… and watching that, something triggered me to look up the incident at the “merc.”
The guy was Rick Santelli. CNBC TV guy. And for what it’s worth, I think it’s interesting: The reports I had heard were greatly exaggerated. I don’t think he went nuts at all – I think he was quite lucid. In fact, if you watch the clip, it’s striking to me just how well he really does maintain his composure. Yes, he’s worked up. The word is passion. Ardency. Good for him. And in his excitement, his head was clearly still very level.
In case you haven’t seen it:
Googling a bit more, I found this clip – where Santelli had agreed to appear on The Daily Show with Jon Stewart, only to later… “bail out” (nyuk, nyuk, nyuk) of his agreed-upon appearance.
Stewart – whose politics I often am at odds with – gave it to CNBC. I mean he really gave it to them.
Stewart takes issue with opposing mortgage bailouts while apparently not minding quite so much about the financial sector bailouts... but Steward misses the point on this part.
Once again, though, here’s passion on display on people at CNBC and on Wall Street, playing games with our money.
The Daily Show With Jon Stewart M - Th 11p / 10c CNBC Financial Advice
Daily Show Full Episodes Economic Crisis Political Humor
And finally, here’s the interview with Jim Cramer. This is the unedited version, which I think makes it very authentic – but NSF children’s ears. At points, it’s intense – just below the surface.
Oh... really quick, watch the intro, and be amused.
The Daily Show With Jon Stewart M - Th 11p / 10c Intro - Brawl Street: Get Ready to Buy Low! And Sell Die
Daily Show Full Episodes Economic Crisis Political Humor
Don’t you hate the media’s tiresome use of the word, “alleged?” Finally, they don’t have to use it for Bernie Madoff any more. Sorry, here’s more teaser before you get to see the interview... and a little gem of typical news clap-trap: Madoff faces up to 150 years in prison. He’s an old man. So essentially, he’s looking at a life sentence. Note to anchorette: 150 years is a life sentence no matter how old you are.
The Daily Show With Jon Stewart M - Th 11p / 10c Bern After Pleading
Daily Show Full Episodes Economic Crisis Political Humor
Interview... Part 1:
The Daily Show With Jon Stewart M - Th 11p / 10c Jim Cramer Unedited Interview Pt. 1
Daily Show Full Episodes Economic Crisis Political Humor
At 2:56 into the second clip, Jim Cramer’s pants had a hard time staying dry.
The Daily Show With Jon Stewart M - Th 11p / 10c Jim Cramer Unedited Interview Pt. 2
Daily Show Full Episodes Economic Crisis Political Humor
And... three. Stewart nails ’em.
The Daily Show With Jon Stewart M - Th 11p / 10c Jim Cramer Unedited Interview Pt. 3
Daily Show Full Episodes Economic Crisis Political Humor
See? When someone on the other side of the fence makes a good point, I can go along.
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