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<p>[QUOTE="Slider, post: 1733895, member: 44205"]FWIW, at the time, Kramer was being exposed as a hypocrite. There was even video of Kramer that was aired that showed him (earlier in his career) explaining how to make money in shadow markets, derivatives, etc., etc. Stewart's efforts weren't to belittle Kramer or blame the market collapse on him, it was to expose him for being complicit in letting CEOs and other corporate bigwigs come on his show and tell him how great their company was doing, when in fact, Kramer knew they weren't doing well at all, all the while failing to ask those same individuals the hard questions about the health of the company. That's easy to forgive if you're a morning show news reporter asking fluff questions in the financial markets, but Kramer hosts a TV show telling people how and where to invest their life savings. The 2008 financial crisis was prompted by extreme greed and absolute disregard for the small investors whose entire futures hinge on the success of markets that the those in the financial sector were so carelessly manipulating. Kramer was (and still is) a mouthpiece for the industry, knew of the risks the toxic assets presented, and willfully participated in pumping them all the same. He was deservedly exposed as a hypocrite and a fraud.[/QUOTE]</p><p><br /></p>
[QUOTE="Slider, post: 1733895, member: 44205"]FWIW, at the time, Kramer was being exposed as a hypocrite. There was even video of Kramer that was aired that showed him (earlier in his career) explaining how to make money in shadow markets, derivatives, etc., etc. Stewart's efforts weren't to belittle Kramer or blame the market collapse on him, it was to expose him for being complicit in letting CEOs and other corporate bigwigs come on his show and tell him how great their company was doing, when in fact, Kramer knew they weren't doing well at all, all the while failing to ask those same individuals the hard questions about the health of the company. That's easy to forgive if you're a morning show news reporter asking fluff questions in the financial markets, but Kramer hosts a TV show telling people how and where to invest their life savings. The 2008 financial crisis was prompted by extreme greed and absolute disregard for the small investors whose entire futures hinge on the success of markets that the those in the financial sector were so carelessly manipulating. Kramer was (and still is) a mouthpiece for the industry, knew of the risks the toxic assets presented, and willfully participated in pumping them all the same. He was deservedly exposed as a hypocrite and a fraud.[/QUOTE]
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