What We Should Learn from Jim Cramer vs. The Daily Show’s Jon Stewart

AIG, Bear Stearns, Ben Bernanke, Citibank, CNBC, Cramer+Stewart, Credit Default Swaps, Deep Capture, Derivatives, Dick Fuld, Gradient Analytics, Hedge Funds, Henry Paulson, Jim Cramer, Jon Stewart, Lehman Brothers, Maria Bartiromo, Mortgage Crisis, Overstock, Patrick Byrne

::What We Should Learn from Jim Cramer vs. the Daily Show’s Jon Stewart::

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March 12th, 2009 by Patrick Byrne

What should we learn from the fact that “The Daily Show’s” Jon Stewart has in four evenings (1 2 3 and 4) exposed Jim Cramer in a way that, in any sane world, he would have been exposed a decade ago? To answer that, consider these associated facts: while the Jim Cramer constellation of journalists (Mitchell’s Media Mob) backed each other up while covering-up the subject of criminally abusive short selling by hedge funds to whom they were close, four channels of the media broke rank:

  1. Two years ago Bloomberg did a half-hour documentary that broke away from the Party Line;
  2. Liz Moyer at Forbes has covered the real issues fairly and diligently, and another Forbes reporter named Nathan Vardi took a good swipe at the story (”Sewer Pipes“);
  3. Rolling Out Magazine (”an UrbanStyle Weekly serving the African American community”) called me up a couple years ago and did precisely the fair, non-disorted interview of which the remainder of the New York financial media was entirely incapable;
  4. Now, “The Daily Show” has broken ranks by stating the obvious: there are journalists shilling for favored hedge funds.

Could the lesson be that the first news organizations that can break ranks with the Party Line are either fringe (”Rolling Out Magazine” and “The Daily Show”) or the properties of billionaires (Bloomberg and Forbes) who cannot be intimidated?

Perhaps someday, a journalist will look into the pressures that were brought on news organizations (e.g., on Bloomberg leading up to their running “Phantom Shares”). Just a few weeks ago I got the  story, again, from a journalist: “I was working on a story about naked short selling and Deep Capture. Then, suddenly I was stopped. It’s weird because I have been a journalist here for 9 years. I have built a great reputation with my editor, and have never had a story interfered with. But I got a couple months into this story, and suddenly I was stopped from above. I’ve never seen that happen before.” I replied, If you only knew how many times a journalist has said that to me in the last couple years….

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The Real Scandal That Will Bring Jim Cramer Down: The Story of Deep Capture

AIG, Bear Stearns, Ben Bernanke, Citibank, CNBC, Cramer+Stewart, Credit Default Swaps, Deep Capture, Derivatives, Dick Fuld, Gradient Analytics, Hedge Funds, Henry Paulson, Jim Cramer, Jon Stewart, Lehman Brothers, Maria Bartiromo, Mortgage Crisis, Overstock, Patrick Byrne

The Columbia School of Journalism is our nation’s finest. They grant the Pulitzer Prize, and their journal, The Columbia Journalism Review, is the profession’s gold standard. CJR reporters are high priests of a decaying temple, tending a flame in a land going dark.

dick-fuldIn 2006 a CJR editor (a seasoned journalist formerly with Time magazine in Asia, The Wall Street Journal Europe, and The Far Eastern Economic Review) called me to discuss suspicions he was forming about the US financial media. I gave him leads but warned, “Chasing this will take you down a rabbit hole with no bottom.” For months he pursued his story against pressure and threats he once described as, “something out of a Hollywood B movie, but unlike the movies, the evil corporations fighting the journalist are not thugs burying toxic waste, they are Wall Street and the financial media itself.”

His exposé reveals a circle of corruption enclosing venerable Wall Street banks, shady offshore financiers, and suspiciously compliant reporters at The Wall Street Journal, Fortune, CNBC, and The New York Times. If you ever wonder how reporters react when a journalist investigates them (answer: like white-collar crooks they dodge interviews, lie, and hide behind lawyers), or if financial corruption interests you, then this is for you. It makes Grisham read like a book of bedtime stories, and exposes a scandal that may make Enron look like an afternoon tea.

By Patrick M. Byrne

Deep Capture Reporter

Make a pot of strong coffee and read this incredible story

General Barry McCaffrey Exposed For The Ultimate Spineless Shill That He Is

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THE NEW YORK TIMES

November 30, 2008

One Man’s Military-Industrial-Media Complex

In the spring of 2007 a tiny military contractor with a slender track record went shopping for a precious Beltway commodity.

The company, Defense Solutions, sought the services of a retired general with national stature, someone who could open doors at the highest levels of government and help it win a huge prize: the right to supply Iraq with thousands of armored vehicles.

Access like this does not come cheap, but it was an opportunity potentially worth billions in sales, and Defense Solutions soon found its man. The company signed Barry R. McCaffrey, a retired four-star Army general and military analyst for NBC News, to a consulting contract starting June 15, 2007.

Four days later the general swung into action. He sent a personal note and 15-page briefing packet to David H. Petraeus, the commanding general in Iraq, strongly recommending Defense Solutions and its offer to supply Iraq with 5,000 armored vehicles from Eastern Europe. “No other proposal is quicker, less costly, or more certain to succeed,” he said.

Thus, within days of hiring General McCaffrey, the Defense Solutions sales pitch was in the hands of the American commander with the greatest influence over Iraq’s expanding military.

“That’s what I pay him for,” Timothy D. Ringgold, chief executive of Defense Solutions, said in an interview.

President-Elect Barack Obama's Press Conference | Dec 1 2008

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Part Two

Good Ol' Charlie Gibson Gets In One Final Bootlicking Of President George "W/Torture" Bush

Grover Nordquist, Guantanamo, Guns, Habeas Corpus, Halliburton, Hannity, Healthcare, Hedge Funds, Hillary, Hume, Immigration, Iran, Iraq, Jeff Gannon, Jeff Guckert, Joe Biden, Joe Klein, John Yoo, Joseph Wilson, Judith Miller, Justice Department, K Street, Karen Hughes, Karl Rove, Katrina, Kellog, Kerry, Kristol, Lee Atwater, Lehman. AIG, Libby, Limbaugh, Lobbyists, Luntz, Malkin, Maria Bartiromo, Mary Mapes, Matalin, Matt Cooper, Matt Drudge, Media Landscape, Medved, Meet The Press, Money Market, Moonbats, New York, New York Herald Sun, New York Times, NSA, O'Reilly, Obama, Olbermann, Patriot Act, Perle, PNAC, Politico, Politics, Politics Rundown, Poverty, Prager, Republic_Party, Retail Investors, Rich Lowry, Rick Sanchez, Right-Wing Conspiracy, Robert Luskin, Robert Novak, Roger Ailes, Rosie, Rumsfeld, Rupert Murdoch, Saddam, Sarah Palin, Scott McClellan, Shiite, Smerconish, Soldiers, Stock Market, Sunni, Surge, Taxes, terrorism, The Palm, The Plank, Tim Russert, Tony snow, Torture, Tullycast, Valerie Plame, Vandenheuvel, veterans, Viveca Novak, Wall Street, War Criminals, Washington D.C., Watergate, web 2.0, William Kristol, Wingnuttia, Wolfowitz, Youtube

HOLLYWOOD REPORTER

Charles Gibson aboard for Bush interview

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ABC anchor will boat to Camp David with first family

By Paul J. Gough

Nov 25, 2008, 06:18 PM ET

NEW YORK — During the same week Barbara Walters interviews the president-elect in Chicago, ABC’s “World News” anchor Charles Gibson will interview President George W. Bush and first lady Laura Bush during the holiday weekend.

Gibson will ride with the first family on Marine One from the White House to Camp David, then interview Mr. and Mrs. Bush there. Gibson will ask about the past eight years, the couple’s future plans and if they have any advice for Bush’s successor, Sen. Barack Obama, and his family.

The interview will air on Monday’s “World News With Charles Gibson” plus that show’s webcast, “Good Morning America” and elsewhere.

Best New Rules Ever

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An Open Letter To: People Who Ever Thought This War Was a Good Idea | Subtitle: You Know Who You Are

Stories

A LETTER FROM THE EDITOR:

You don’t get to sneer about how the evidence was there.

You don’t get to scoff about how even Bill Clinton, Germany and France thought there were WMD’s.

You don’t get to shriek about media-elite liberals just Bush-hating, conspiracy theorists whining about Halliburton, and Saddam gassing his own people:

…Not when our leaders were so fully unprepared for this war that there was no legitimate flank or rear security support for the thousands of vehicles, many endlessly breaking down, in that convoy that stretched across the Iraqi desert at the beginning of the war.

…Not when they couldn’t even bribe Turkey into letting us enter Iraq from the north.

…Not when there weren’t enough MRE’s, tanks that would work in the sand and flack-jackets for our troops

…Not when our Marines suddenly became gendarmes on the streets of Baghdad while we completely disbanded both the Iraqi army and police and the country was being destroyed from the bottom up as the looters demolished everything that the precision guided bombs didn’t

…and Dick Lugar had been screaming about the need for a plan post-war Iraq and what to do about the Shiites/Sunnis/Kurds on The News Hour and Charlie Rose virtually every night forthe twelve months leading up to the start of the attack.

…Not when there was no budget for the war, funding was asked for on the eve of the initial strike and there have been no plans to pay for the ever-increasing cost.

…Not when Deputy Secretary Of Defense Paul Wolfowitz is asked to give the number of Americans killed in Iraq during a congressional commitee on April 29 2004 and he’s off by over two hundred soldiers.

…Not when they won’t let us see the bodies at Dover and undercount casualties received in combat by the thousands.

Now bugger off and prepare for the trials.

JT

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Hillary Clinton on David Letterman | Feb 4 2008

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Part Two

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The Department of Earth, Wind and Fire ~ Bill Maher ~ Nov 14 2008

AEI, Al Qaeda, Ashcroft, Bremer, Britain, Broadcatching, Bush, Bush Apologists, California, Children, CIA, Coalition Provisional Authority, Consensus Journalism, Conservatism, Constitution, Corn, Debates, Democrats, District Of Corruption, Evolution, Framing, Freepers, Global Warming, Gonzales, Gootube, Guns, Habeas Corpus, Healthcare, Hillary, Immigration, Iran, Iraq, Jeff Gannon, Jeff Guckert, Kerry, Luntz, Media Landscape, Moonbats, New York, New York Herald Sun, Obama, Olbermann, Politics, Politics Rundown, Poverty, Republic_Party, Right-Wing Conspiracy, Rosie, Rumsfeld, Shiite, Soldiers, Sunni, Surge, Taxes, Vandenheuvel, veterans, War Criminals, web 2.0, Wingnuttia, Wolfowitz, Youtube

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