Jon Stewart vs Jim Cramer - A Daily Show Smackdown

Posted by Michael DiMella on Fri, Mar 13, 2009

In case you missed the much hyped Daily Show appearance by Jim Cramer, here you go!  This is great TV!  Jon Stewart savaged a cowering Jim Cramer last night on the Daily Show in an extensive interview (aka interrogation) about the financial meltdown and CNBC's role as a cheerleader for the banking industry.  If you haven't seen it yet, I embedded the videos from the interview below, as well as Cramer's response on MSNBC this morning just to be fair.  Watch for yourself!

Read More

Tags: credit crisis, economy

What do Fannie and Freddie actually do?

Posted by Michael DiMella on Tue, Sep 09, 2008

With all the news coverage centered around the government takeover of Fannie Mae and Freddie Mac in the past few days, I haven't seen much information published about what they actually do.  Since I think that is probably a question on many people's minds, I thought I might give it a crack....

Read More

Tags: financing, credit crisis

Banks take average loss of $45,000 on foreclosed homes

Posted by Michael DiMella on Tue, Sep 09, 2008

Read More

Tags: housing market, credit crisis, foreclosures

Countrywide still in danger of bankruptcy after Bank of America's acquisition?

Posted by Michael DiMella on Mon, Aug 25, 2008

Read More

Tags: financing, credit crisis