Jon Stewart–Jim Cramer Conflict
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Jon Stewart–Jim Cramer Conflict
On March 12, 2009, television personality Jim Cramer appeared as a guest on ''The Daily Show with Jon Stewart''. The host of CNBC's '' Mad Money'', Cramer appeared in response to host Jon Stewart's highly publicized week-long criticism of CNBC. The exchange began with a scathing piece on CNBC's miscalculations regarding the 2008 financial crisis in response to CNBC commentator Rick Santelli, who had recently said on the floor of the Chicago Board of Trade that homeowners facing foreclosure were "losers". Santelli had been set to appear on the show, but CNBC canceled Santelli's appearance. Stewart, along with ''Daily Show'' executives, claimed the CNBC montage was not retaliatory and that they planned to show it before the cancellation was announced. Subsequent media coverage of exchanges between Cramer (who had been featured heavily in the original segment) and Stewart led to a highly anticipated face-to-face confrontation on Stewart's show. The episode received a large amount ...
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Cramer On Dailyshow
Cramer may refer to: Businesses * Cramer brothers, 18th century publishers * Cramer Systems, a software company * Cramer & Co., a former musical-related business in London Other uses * Cramer (surname), including a list of people and fictional characters * Cramer, Minnesota, United States, an unincorporated community * Mount Cramer, Idaho, United States See also

* * * Cremer * Kramer (other) {{dab, geo ...
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Bear Stearns
The Bear Stearns Companies, Inc. was an American investment bank, securities trading, and brokerage firm that failed in 2008 during the 2008 financial crisis and the Great Recession. After its closure it was subsequently sold to JPMorgan Chase. The company's main business areas before its failure were capital markets, investment banking, wealth management, and global clearing services, and it was heavily involved in the subprime mortgage crisis. In the years leading up to the failure, Bear Stearns was heavily involved in securitization and issued large amounts of asset-backed securities which were, in the case of mortgages, pioneered by Lewis Ranieri, "the father of mortgage securities." As investor losses mounted in those markets in 2006 and 2007, the company actually increased its exposure, especially to the mortgage-backed assets that were central to the subprime mortgage crisis. In March 2008, the Federal Reserve Bank of New York provided an emergency loan to try ...
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TPMTv
''Talking Points Memo'' (''TPM'') is a liberal political news and opinion blog created and run by Josh Marshall that debuted on November 12, 2000. The name is a tongue-in-cheek reference to a "talking points memo" that was often discussed during the Clinton-era Monica Lewinsky scandal. By 2007, ''TPM'' received an average of 400,000 page views every weekday. Growth ''Talking Points Memo'' was founded as a political blog in 2000 by Josh Marshall, who until 2004 was the site's sole employee. In 2005, TPM Media LLC was incorporated, and the company began to grow with more employees and spinoff websites. By 2009 it had 11 employees, and, having previously been funded by ads and reader donations, received angel investments from a group led by Marc Andreessen. In 2009, ''TPM'' opened a Washington, D.C. office and joined the White House press pool along with several other progressive news outlets to cover the Obama administration. The site introduced a subscription service, TPM ...
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Bull Market
A market trend is a perceived tendency of the financial markets to move in a particular direction over time. Analysts classify these trends as ''secular'' for long time-frames, ''primary'' for medium time-frames, and ''secondary'' for short time-frames. Traders attempt to identify market trends using technical analysis, a framework which characterizes market trends as predictable price tendencies within the market when price reaches support and resistance levels, varying over time. A future market trend can only be determined in hindsight, since at any time prices in the future are not known. This fact makes market timing inherently a game of educated guessing rather than a certainty. Past trends are identified by drawing lines, known as trendlines, that connect price action making higher highs and higher lows for an uptrend, or lower lows and lower highs for a downtrend. Market terminology The terms "bull market" and "bear market" describe upward and downward market tr ...
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Today (NBC Program)
''Today'' (also called ''The Today Show'') is an American morning television show that airs weekdays from 7:00 a.m. to 11:00 a.m. on NBC. The program debuted on January 14, 1952. It was the first of its genre on American television and in the world, and after years of broadcasting it is fifth on the list of longest-running American television series. Originally a two-hour program airing weekdays from 7:00 a.m. to 9:00 a.m., it expanded to Sundays in 1987 and Saturdays in 1992. The weekday broadcast expanded to three hours in 2000, and to four hours in 2007 (though over time, the third and fourth hours became distinct entities). ''Today''s dominance was virtually unchallenged by the other networks until the late 1980s, when it was overtaken by ABC's ''Good Morning America''. ''Today'' retook the Nielsen ratings lead the week of December 11, 1995, and held onto that position for 852 consecutive weeks until the week of April 9, 2012, when ''Good Morning Am ...
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Common Stock
Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Commonwealth realms. This type of share gives the stockholder the right to share in the profits of the company, and to vote on matters of corporate policy and the composition of the members of the board of directors. The owners of common stock do not directly own any assets of the company; instead each stockholder owns a fractional interest in the company, which in turn owns the assets. As owners of a company, common stockholders are eligible to receive dividends from its recent or past earnings, proceeds from a sale of the company, and distributions of residual (left-over) money if it is liquidated. In general, common stockholders have lowest priority to receive payouts from the company. They may not receive dividends until the company ...
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Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and The Travelers Companies, Travelers; Travelers was spun off from the company in 2002. Citigroup is the List of largest banks in the United States, third-largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. It is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board, and is commonly cited as being "too big to fail". It is one of the eight global investment banks in the Bulge Bracket. Citigroup is ranked 36th on the Fortune 500, ''Fortune'' 500, and was ranked #24 in Fo ...
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Urban Legend
Urban legend (sometimes modern legend, urban myth, or simply legend) is a genre of folklore concerning stories about an unusual (usually scary) or humorous event that many people believe to be true but largely are not. These legends can be entertaining but often concern mysterious peril or troubling events, such as disappearances and strange objects or entities. Urban legends may confirm moral standards, reflect prejudices, or be a way to make sense of societal anxieties. In the past, urban legends were most often circulated orally, at gatherings and around the Campfire story, campfire for instance. Now, they can be spread by any media, including newspapers, mobile news apps, e-mail, and most often, social media. Some urban legends have passed through the years/decades with only minor changes, in where the time period takes place. Generic urban legends are often altered to suit regional variations, but the lesson or moral generally remains the same. Origin and structure Th ...
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Barack Obama
Barack Hussein Obama II (born August 4, 1961) is an American politician who was the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African American president in American history. Obama previously served as a U.S. senator representing Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004. Born in Honolulu, Hawaii, Obama graduated from Columbia University in 1983 with a Bachelor of Arts degree in political science and later worked as a community organizer in Chicago. In 1988, Obama enrolled in Harvard Law School, where he was the first black president of the ''Harvard Law Review''. He became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. In 1996, Obama was elected to represent the 13th district in the Illinois Senate, a position he held until 2004, when he successfully ran for the U.S. Senate. In the 2008 pre ...
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Frank Rich
Frank Hart Rich Jr. (born June 2, 1949) is an American essayist and liberal op-ed columnist, who held various positions within ''The New York Times'' from 1980 to 2011. He has also produced television series and documentaries for HBO. Rich is currently writer-at-large for '' New York'' magazine, where he writes essays on politics and culture and engages in regular dialogues on news of the week for the "Daily Intelligencer". He served as executive producer of the long-running HBO comedy series '' Veep'', having joined the show at its outset in 2011, and of the HBO drama series '' Succession''. Early life and education Born on June 2, 1949, Rich grew up in Washington, D.C. His mother, Helene Fisher (née Aaronson), a schoolteacher and artist, was from a Russian Jewish family that originally settled in Brooklyn, New York City, but moved to Washington, D.C., following the stock market crash of 1929. His father, Frank Hart Rich, a businessman, was from a German Jewish family lo ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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Ad Hominem
, short for , refers to several types of arguments that are usually fallacious. Often currently this term refers to a rhetorical strategy where the speaker attacks the character, motive, or some other attribute of the person making an argument rather than the substance of the argument itself. This avoids genuine debate by creating a diversion often using a totally irrelevant, but often highly charged attribute of the opponent's character or background. The most common form of this fallacy is "A" makes a claim of "fact", to which "B" asserts that "A" has a personal trait, quality or physical attribute that is repugnant thereby going off-topic, and hence "B" concludes that "A" has their "fact" wrongwithout ever addressing the point of the debate. Other uses of the term are more traditional, referring to arguments tailored to fit a particular audience, and may be encountered in specialized philosophical usage. These typically refer to the dialectical strategy of using the target' ...
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