Jon Stewart exposes Apple stock manipulation
Proving once again that the best way to reach Americans' brain is through their funny bone, Jon Stewart of the Daily Show continued his warpath aimed at irresponsible financial reporting by CNBC, specifically calling Jim Cramer out for his comments on how easy it was to profit from misinformation aimed at Apple.
Calling it "disingenuous at best and criminal at worst," Stewart grilled Cramer, the host of the frantic energetic "Mad Money" entertainment show, for his act of being "doe-eyed innocent" while celebrating the admittedly illegal shenanigans of hedge fund managers.
Stewart played clips of Cramer describing -- shortly before the iPhone was first announced -- how hedge fund managers could spread lies about the product through either gullible or willing media sources, creating either fear or excitement that would distort the company's stock, allowing the fund manager to profit.
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