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(The Daily Show)   John Oliver, who is getting scarily good at this Daily Show hosting thing, destroys CNBC hosts on their facile dismissal of Sen. Franken's ratings agencies amendment   (thedailyshow.com) divider line 140
    More: Amusing, Al Franken, CNBC, amendments, reseller hosting, Maggie Gyllenhaal  
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10442 clicks; posted to Entertainment » on 25 Jun 2013 at 12:38 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-06-25 10:05:50 AM
the fact that these agencies are still paid by the companies they rate is an appalling conflict of interest.
 
2013-06-25 10:19:46 AM

FlashHarry: the fact that these agencies are still paid by the companies they rate is an appalling conflict of interest.


Yep, and of course it will never change.
 
2013-06-25 10:51:07 AM
That was good, I'm going to have to start DVRing the Daily Show again.
 
2013-06-25 11:35:22 AM
I must admit, against all better judgement, I like this Daily Show host.
 
2013-06-25 11:43:51 AM
Wow. He doesn't pull punches. That was pretty f*cking awesome. The follow up piece on Canada and the US is pretty awesome too.
 
2013-06-25 11:45:42 AM
I used to DVR the Squawk Box. Might get some good financial analysis most weeks. But it's like 3 hours long, every day. So lots and lots filler, and plenty of right wing political banter.
I didn't mind the political banter that much, Kernen's not a complete asshole. Compared to the social conservatism and downright idiocy that congressional Republicans put out these days, the old-school country club stuff was... almost of refreshing, in a way.
Just didn't feel like I was getting enough out of it for the amount of time spent. Maybe if I was more serious about investing or worked in the financial sector.
 
2013-06-25 11:54:11 AM
"Your one job..."

Besides having great hair.
 
2013-06-25 12:11:25 PM
In fairness, their job is to spin, not report. They are, after all, paid by folks who are knee deep in these self same markets, and to push and pull on investment strategies so that the folks who pay them will have a captive audience. They have an allegiance to those who pay them, and those folks really don't want investors or the public aware of how deeply they game the system.

The banking bit that came right after that, illustrated pretty much why America's financial system is in the state it's in. We're casting off regulatory bodies, sensible banking and financial regulations, and we're returning to the boom/bust cycle that typified the financial state that was America for a long, long time. It was very good to some, and it cleaned house and destroyed a lot of folks, whose goodies were bought up and distributed amongst those who were left. There are folks who long for these days, and they're doing their level best to return us to that state, and it's not for "freedom" or "liberty" it's because, in their mind, competition is for suckers...
 
2013-06-25 12:13:48 PM

OtherLittleGuy: I must admit, against all better judgement, I like this Daily Show host.


"All better judgment," apparently meaning that you've never heard one single episode of The Bugle.
 
2013-06-25 12:40:35 PM
John Oliver reminds me of a young Eric Idle.
 
2013-06-25 12:42:54 PM
Nobody delivers a joke like Al Franken.

/Thank God
 
2013-06-25 12:43:29 PM
Daily Show is 90% writers, 10% host. The usual host may be gone, but the writers are still the same (minus said host).
 
2013-06-25 12:43:40 PM
In their defense, it's not dismissal as much as "we have no idea what this is about".
 
2013-06-25 12:45:24 PM

propasaurus: John Oliver reminds me of a young Eric Idle.


Yeah.  He needs to do his own things though.  He's going a lot of Stewart's gags and he just doesn't pull them off quite well (BOOM!)
 
2013-06-25 12:47:11 PM
What's the difference between jam and jelly?
 
2013-06-25 12:47:34 PM

enry: propasaurus: John Oliver reminds me of a young Eric Idle.

Yeah.  He needs to do his own things though.  He's going a lot of Stewart's gags and he just doesn't pull them off quite well (BOOM!)


My guess is that John and the writers are trying to work out what works best for John, and John doesn't completely know what his thing will be. Stewart and Oliver have different delivery styles, once Oliver figures that out he'll be fine, he's very quick on his feet.
 
2013-06-25 12:47:43 PM
Dishonesty and bigotry from conservatives. I am shocked, shocked.
 
2013-06-25 12:48:22 PM

jaytkay: Dishonesty and bigotry from conservatives. I am shocked, shocked.


wrong thread, sorry!

/ As you were
 
2013-06-25 12:49:58 PM

enry: propasaurus: John Oliver reminds me of a young Eric Idle.

Yeah.  He needs to do his own things though.  He's going a lot of Stewart's gags and he just doesn't pull them off quite well (BOOM!)


Give him time. He just needs to find his footing.
 
2013-06-25 12:50:22 PM

jaytkay: wrong thread, sorry!

/ As you were


Meh. Still works.
 
2013-06-25 12:51:19 PM

eventhelosers: What's the difference between jam and jelly?


Pectin content, sugar, and fruit content. Although for jam to jelly, it's primarily fruit content.

jelly < jam < preserves < marmalade < chutney

"Butter" has the highest fruit content, but is smoother from the absence of rind or pulp
 
2013-06-25 12:52:02 PM

squidgod2000: Daily Show is 90% writers, 10% host. The usual host may be gone, but the writers are still the same (minus said host).


Pretty sure delivery of the comedy is more important than you think.
 
2013-06-25 12:54:50 PM
(golf clap)
 
2013-06-25 12:56:37 PM
Looks like CC will need to clear room for another half-hour four days a week.

/Let John Oliver lampoon Piers Morgan's style in his new show.
 
2013-06-25 12:56:58 PM

tallguywithglasseson: I used to DVR the Squawk Box. Might get some good financial analysis most weeks. But it's like 3 hours long, every day. So lots and lots filler, and plenty of right wing political banter.
I didn't mind the political banter that much, Kernen's not a complete asshole. Compared to the social conservatism and downright idiocy that congressional Republicans put out these days, the old-school country club stuff was... almost of refreshing, in a way.
Just didn't feel like I was getting enough out of it for the amount of time spent. Maybe if I was more serious about investing or worked in the financial sector.


You're forgetting about a few folks:

s.marketwatch.com

cnbcadsalesmarketingblog.typepad.com

/more than balance out any of Kernan's banter to which you might be referring
 
2013-06-25 12:57:11 PM
For my old job, I used to watch and monitor the first 2 hours of Squawk Box. This was in the mid to late -00's, so it was akin to watching MTV play Poison video after Trixter video with the commercial for the chance to win an all-expense paid weekend to hang out with Slaughter 2 months before "Nevermind" was released. To call these would-be money honeys anything resembling the word "journalist" is a disgrace to that very word. The funniest were the segments when ol' "Chainsaw" Jack Welch would spend time in the studio, and those corprostitutes would do everything short of a handy under the table as if he hadn't run their company into the shiatter.

Pity anybody who seeks those jerk-offs, or any other business "news" outlet, for financial advice.
 
2013-06-25 12:58:19 PM

squidgod2000: Daily Show is 90% writers, 10% host. The usual host may be gone, but the writers are still the same (minus said host).


Well, to be fair, the host is a writer. (And I'm talking about both Stewart and Oliver here).
 
2013-06-25 12:58:33 PM
Can't say I agree with removing this link from the main page and shunting it off to the entertainment section.
 
2013-06-25 01:00:34 PM

enry: propasaurus: John Oliver reminds me of a young Eric Idle.

Yeah.  He needs to do his own things though.  He's going a lot of Stewart's gags and he just doesn't pull them off quite well (BOOM!)


I think he'll find his own rhythm pretty quickly...he's not trying to be Jon 2.0. Takes a bit of trial and error; some stuff works, some doesn't.
He does OK, considering he is sitting in a very hot seat there.
 
2013-06-25 01:01:45 PM
I keep getting CNBC and MSNBC confused.  It's weird how one network managed to position themselves on both ends of the ideological spectrum.
 
2013-06-25 01:03:08 PM

eventhelosers: What's the difference between jam and jelly?


Seriously?

Jelly is made from just the juice of the fruit while jam uses the entire fruit (including seeds with stuff like strawberries and raspberries).

I'm probably missing the point here...
 
2013-06-25 01:03:12 PM

enry: propasaurus: John Oliver reminds me of a young Eric Idle.

Yeah.  He needs to do his own things though.  He's going a lot of Stewart's gags and he just doesn't pull them off quite well (BOOM!)


It's not the same  BOOM! though. Oliver's BOOM! is something he does a lot on The Bugle, I'd say there's enough difference in how they use it.

But yeah, maybe the writers don't quite know how to use it yet. Eventually they'll figure out how to write in Oliver's voice. But comparing to The Bugle, so far, Oliver sounds a lot like himself.
 
2013-06-25 01:03:17 PM

Arkanaut: I keep getting CNBC and MSNBC confused.  It's weird how one network managed to position themselves on both ends of the ideological spectrum.


Different audiences.
 
2013-06-25 01:04:05 PM

propasaurus: John Oliver reminds me of a young Eric Idle.


With this one post, a Monty Python reboot was just greenlit.
 
2013-06-25 01:08:34 PM

FlashHarry: the fact that these agencies are still paid by the companies they rate is an appalling conflict of interest.


I don't have a problem with it, in principle.  The banks can always find someone who'll eat their shiat and call it steak for a buck.

The reason they went after the ratings agencies is that in the absence of regulation, they had built up immense power as gatekeepers to various funds.  Their AAA rating allowed Wall Street unfettered access to vast pools of money that had internal policies of low-risk investment -- school endowments, insurance reserves and retirement funds.  And these funds were desperate for those high returns because many of them were chronically underfunded.  The problem is that once the house of cards fell, it took with it a huge foundation of institutional wealth that was basically siphoned off to Wall Street middlemen.

The problem with capitalism is that without regulation, any social stability is only created by the public's acceptance of a fox guarding a henhouse -- either by ill-deserved trust or lack of choice.  Without a few "gold standard" ratings agencies to rely on, analyzing the risks of various investments is a huge burden -- and why would you do the work when the agencies are doing it for free?  But this is the equivalent of gathering all of your life savings, putting the cash into a bag and asking a random stranger on the street to keep it safe -- and the only thing you key on is the quality of the suit the guy's wearing.
 
2013-06-25 01:14:20 PM
Say what you want about Al Franken, but doggone it, people like him.
 
2013-06-25 01:17:29 PM

OtherLittleGuy: I must admit, against all better judgement, I like this Daily Show host.


What you did there. I see it. With my blue within blue eyes.

Bless the maker and his water. bless the coming and going of him. may his passage cleanse the world.
 
2013-06-25 01:19:25 PM

Hydra: /more than balance out any of Kernan's banter to which you might be referring


"More than balance out"? Yep, just like Hannity more than balanced out Colmes. Sorkin isn't constantly taking political pot shots as Kernan is. And then, let's have someone like Jack Welch on for an hour.
Overall the show has a right-leaning bent, you could only really call it "balanced" or "neutral" with a straight face if you're a fan of Roger Ailes.
But, I mean, it's business, lots of CEOs are Republicans. It's still very watchable even if you're not a Republican, it's not like it's Fox Business or anything.
I don't think it's constantly driving an agenda, and there's plenty of straight news and non-partisan analysis. Just that there's a lot of time to kill, and a good helping of old school Republican/Friedman/supply side comments peppered in.
BTW Sorkin apparently was in the news for suggesting that Glenn Greenwald should be arrested. What a lib!

//I actually mostly like Kernen btw, even though I often don't agree with him
//he was an ass for dismissing the Franken amendment though
 
2013-06-25 01:20:14 PM
I hate Joe farking Kernan.  He just sits there and makes dismissive noises.  One of the biggest reasons I haven't watched that crap factory for at least 5 years.
 
2013-06-25 01:20:14 PM

tallguywithglasseson: Yep, just like Hannity more than balanced out Colmes


farked that up. Meant to be the other way around, as sarcastm. Whatever.
 
2013-06-25 01:20:40 PM
I personally liked the "a duck walks into a bar" joke more.

/better joke for jam vs jelly is jam vs peanut butter
 
2013-06-25 01:21:19 PM

bdub77: The follow up piece on Canada and the US is pretty awesome too.


Yes, but don't believe the bit about Canada being immune from housing crashes and Internet bubbles. Vancouver prices are still hugely inflated, and those "couple of stocks" included Nortel which at one point was 1/3 of the total valuation of all companies on the Toronto stock exchange. It crashed so hard that you would have been better off spending your money on beer and returning the empties.
 
2013-06-25 01:24:59 PM

FlashHarry: the fact that these agencies are still paid by the companies they rate is an appalling conflict of interest.


What's a better alternative? If the issuer pays, they inherently want a higher rating. If the investor pays, he wants a higher rating if he owns it and a lower rating if he wants to buy it. Still a conflict.

If the govt decides who rates, how do they determine who gets to rate, how much they charge, and if they are doing a good enough job of rating? What would stop an issuer from contracting some other rating agency to rate that bond as well?

The current model isnt perfect but it is no worse than any other you can come up with. Everyone knows what it is and they need to take that into consideration in the value they place on ratings. If you think the rating agencies are corrupt, then you shouldn't pay any attention to the rating.

If the govt doesn't think ratings are useful because of any perceived conflicts, they shouldn't write any reliance on ratings into any statutes.
 
2013-06-25 01:25:18 PM
Who didn't farking know this already?
 
2013-06-25 01:28:34 PM

tallguywithglasseson: Hydra: /more than balance out any of Kernan's banter to which you might be referring

"More than balance out"? Yep, just like Hannity more than balanced out Colmes. Sorkin isn't constantly taking political pot shots as Kernan is. And then, let's have someone like Jack Welch on for an hour.
Overall the show has a right-leaning bent, you could only really call it "balanced" or "neutral" with a straight face if you're a fan of Roger Ailes.
But, I mean, it's business, lots of CEOs are Republicans. It's still very watchable even if you're not a Republican, it's not like it's Fox Business or anything.
I don't think it's constantly driving an agenda, and there's plenty of straight news and non-partisan analysis. Just that there's a lot of time to kill, and a good helping of old school Republican/Friedman/supply side comments peppered in.
BTW Sorkin apparently was in the news for suggesting that Glenn Greenwald should be arrested. What a lib!

//I actually mostly like Kernen btw, even though I often don't agree with him
//he was an ass for dismissing the Franken amendment though


The problem with CNBC is that it had to compete with Fox Business for "main street" so that necessitated it becoming more of an opinion show.  It became less of David Faber running the numbers and more of Rick Santelli screaming like an idiot.

They ceded the smart crowd to Bloomberg.  The problem with fighting with FBN is that TV news is an old person's game.  Young people read Business Insider.  CNBC is fighting for a declining market share.  They'll probably reinvent themselves as a 24 Hour Trump network of reality programming.
 
2013-06-25 01:28:39 PM
Good. Stewart shoulda hung it up years ago.
 
2013-06-25 01:31:42 PM
Where is our resident Apple fanboi going on and on about the iphone's battery life?  Just isn't an Apple thread without him.
 
2013-06-25 01:32:29 PM

tallguywithglasseson: BTW Sorkin apparently was in the news for suggesting that Glenn Greenwald should be arrested. What a lib!


Wow, really? You must've missed him when he was on Bill Maher with Michael Moore.

/you have to think MSNBC is mainstream if you think the show has a "right-leaning" bent
//Jack Welch has been on like twice in the last year
///there are PLENTY of Boston- and New-York-based CEOs they have on who shill for Bernanke and Obama all the time
 
2013-06-25 01:35:17 PM

bdub77: enry: propasaurus: John Oliver reminds me of a young Eric Idle.

Yeah.  He needs to do his own things though.  He's going a lot of Stewart's gags and he just doesn't pull them off quite well (BOOM!)

My guess is that John and the writers are trying to work out what works best for John, and John doesn't completely know what his thing will be. Stewart and Oliver have different delivery styles, once Oliver figures that out he'll be fine, he's very quick on his feet.


If you listen to his podcast with Andy Zaltzman, The Bugle, he has a very well defined comic voice. But it's probably a bit more than TV does usually, so he's probably better off with doing Stewart's gags.
 
2013-06-25 01:36:23 PM

jaytkay: wrong thread, sorry!


Don't worry. It's like a little black dress with a strand of pearls... always appropriate.
 
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