If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(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 56
    More: Amusing, Al Franken, CNBC, amendments, reseller hosting, Maggie Gyllenhaal  
•       •       •

10444 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»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest


Archived thread
2013-06-25 10:05:50 AM
6 votes:
the fact that these agencies are still paid by the companies they rate is an appalling conflict of interest.
2013-06-25 12:50:22 PM
5 votes:

jaytkay: wrong thread, sorry!

/ As you were


Meh. Still works.
2013-06-25 12:40:35 PM
5 votes:
John Oliver reminds me of a young Eric Idle.
2013-06-25 12:11:25 PM
5 votes:
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 11:43:51 AM
4 votes:
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 01:08:34 PM
3 votes:

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 12:51:19 PM
3 votes:

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 12:47:34 PM
3 votes:

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 12:43:29 PM
3 votes:
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 04:42:26 PM
2 votes:
He is getting better.  Although he doesn't know what to do with guests.  Can't seem to connect with the ones that aren't British.

To be fair in this case, Maggie Droopieface is a terrible guest.

"I prefer Obama to Romney!"  *Mugs for the camera*  "And I like puppies!"  *Mugs for the camera*
2013-06-25 02:38:56 PM
2 votes:
I'm finding Oliver getting better and better as the weeks go by. Kind of a refreshing change for a while.

/ I will be happy when Stewart returns, though
2013-06-25 01:20:40 PM
2 votes:
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 12:42:54 PM
2 votes:
Nobody delivers a joke like Al Franken.

/Thank God
2013-06-25 11:54:11 AM
2 votes:
"Your one job..."

Besides having great hair.
2013-06-25 11:35:22 AM
2 votes:
I must admit, against all better judgement, I like this Daily Show host.
2013-06-25 10:51:07 AM
2 votes:
That was good, I'm going to have to start DVRing the Daily Show again.
2013-06-25 10:19:46 AM
2 votes:

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 10:31:08 PM
1 votes:
Did that guy just call Joe Kernen a financial analyst??  Ha, joke's on you.  Kernen is a moronic douche who has not added anything of value to CNBC in years, if ever.  He was also a broker, not an analyst -- big difference.
2013-06-25 09:44:15 PM
1 votes:

wildsnowllama: 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.


yup, dane cook is the perfect example. whatever you may think of his jokes, the man can work a crowd.
2013-06-25 07:55:11 PM
1 votes:

FriarReb98: Teaser: He's good but he's either trying too hard to imitate Jon Stewart or the writing just makes it seem that way.

OhioUGrad: Oliver, good writer, God awful host. When Stewart eventually leaves.....if they get Oliver to host, the show will be canceled within a year.

This is what I take away from it as well.  You can tell that it's obviously the same writers, but it's just not the same delivery of the lines.  Stewart's delivery makes TDS what it is.


----

That's what they said when Stewart took over. I think Oliver is actually doing a damn good job...
2013-06-25 07:14:26 PM
1 votes:
Jon Oliver may be a pretty great host, but Jason Jones really carries that show.
2013-06-25 05:45:05 PM
1 votes:

Teaser: He's good but he's either trying too hard to imitate Jon Stewart or the writing just makes it seem that way.


OhioUGrad: Oliver, good writer, God awful host. When Stewart eventually leaves.....if they get Oliver to host, the show will be canceled within a year.


This is what I take away from it as well.  You can tell that it's obviously the same writers, but it's just not the same delivery of the lines.  Stewart's delivery makes TDS what it is.
2013-06-25 05:02:08 PM
1 votes:
"By the way, just incidentally, I'm guessing that's not the first time Shep Smith has had to say, 'This has to be the stupidest place I've ever worked at.'"

I larf'd.
2013-06-25 04:35:40 PM
1 votes:
John Oliver is great. Another +1 for the Bugle, and if you get the chance to see him do standup, I highly  highlyrecommend it. I got to see him on his last tour and it's the first time I've laughed so hard that I had trouble breathing. It was fantastic.
2013-06-25 04:31:57 PM
1 votes:
Oliver, good writer, God awful host. When Stewart eventually leaves.....if they get Oliver to host, the show will be canceled within a year.
2013-06-25 04:11:54 PM
1 votes:
He's good but he's either trying too hard to imitate Jon Stewart or the writing just makes it seem that way.
2013-06-25 03:52:22 PM
1 votes:

bdub77: 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.


Good, but they got some things wrong. Greed is not the problem. greed that is not restrained by Ethics and the Law is a problem.
2013-06-25 03:22:14 PM
1 votes:

gingerjet: The Bill Murray Amendment would of been an awesome amendment.


It would never pass. Nobody would ever believe it.
2013-06-25 03:21:02 PM
1 votes:
The Bill Murray Amendment would of been an awesome amendment.
2013-06-25 02:58:29 PM
1 votes:

Hydra: That would only make the situation WORSE. Nationalizing the credit rating agencies might be the worst suggestion to "fix" the problem.

/the government NEVER has "the best interest of all parties involved" in ANYTHING



Prior to the AIG bailout the holding company controlling AIG contacted the Insurance Commissioners for New York and Pennsylvania and requested that they allow the AIG insurers domiciled in those states to swap out the collateral in their insurance reserves (cash, high quality bonds, and other instruments) with the collateral in the Holding Company's accounts.  The theory was that the value of the securities in the Holding Company account was being driven down to artificially low levels by market sentiment and that they would ultimately rebound to the value reflected in their rating and purchase price.  Since the insurance reserves are intended to guarantee that injured policyholders will be indemnified both Commissioners were not receptive to AIG's argument since they believed those securities were extremely toxic and there was a high likelihood that they'd ultimately be worthless.

The insurance regulators were right and because of that policyholders that looked to AIG insurers for indemnity were paid what they were owed.

This is why you should not use words like "never" since it makes you look like an ignorant asshole.
2013-06-25 02:54:12 PM
1 votes:

NostroZ: Richard Sauce: Good. Stewart shoulda hung it up years ago.

Are you trolling bro?
Stewart is coming back @ the end of summer.

Oliver is awkward with all the guests... except the few Brits / really easy going type.

He is a good comedian and does a fantastic job delivering jokes with the Queens tongue... but he's no American from Jersey like Stewart.


My favorite part is when Stewart does his Jersey voices.
2013-06-25 02:13:31 PM
1 votes:

jjorsett: Wow, he played a Fox News clip. I hope all of you, "SWEET JESUS, NOT FOX NEWS! RETCH! BLARGH! GET ME EYE- AND EAR-BLEACH" Farkers can recover from your post-traumatic stress disorder after having been exposed to that.


Well, you certainly kicked that strawman's ass.
2013-06-25 02:05:47 PM
1 votes:

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.


Well, it's still Stewart's show and Stewart's writers.
2013-06-25 02:00:30 PM
1 votes:

Hydra: Lost Thought 00: Or the government could step in and do the rating themselves in the best interest of all parties involved.

That would only make the situation WORSE. Nationalizing the credit rating agencies might be the worst suggestion to "fix" the problem.

/the government NEVER has "the best interest of all parties involved" in ANYTHING


That's a bit extreme there... with the use of the words 'never' and 'anything',
How do you feel about a simple example like water filtration by cities - would this in your mind be a grave injustice to the free market vs instead of clean drinking water available from your faucet?

The rating agencies need to be decoupled from the companies they rate.  This can be done by having the government oversee them at least.  The rating agencies have been at the center of every crash, cheering the bubble to grow bigger and bigger.  They are the one's who are giving a false sense of security, because they are bought and paid for by the companies they rate.  This can be fixed by being overseen / audited by the government and exist as a non-for-profit, so they have less of an incentive to lie to Main street to get kickbacks from Wallstreet.
2013-06-25 01:57:36 PM
1 votes:

Hydra: So he was toeing the Obama talking points. Surprise surprise?


Oh weird, you took a shot at Obama.
2013-06-25 01:52:54 PM
1 votes:

Reginald Maudling: 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.



Boom belongs to no one.
2013-06-25 01:52:03 PM
1 votes:
Can I just say, that the last clip, with the girl introducing the story and the guy going off into a "Bill Murray Clause" tangent, was one of the most boring 20-second clips I have ever seen? She looks dead behind the eyes and is just reading her news lines like a robot, why the hell do the producers of the show think she's host worthy?

And I don't believe it's 90% writers and 10% host, partly because I would assume the host has some responsibility in writing, and not everyone can deliver the comedic shock and awe performance. John Oliver is great, ever since he started as a side reporter with the show.
2013-06-25 01:51:37 PM
1 votes:

Arkanaut: Debeo Summa Credo: 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.

They could pay for it themselves and sell it to investors on an open market, instead of owing allegiance to any one investor.


Or the government could step in and do the rating themselves in the best interest of all parties involved.
2013-06-25 01:50:36 PM
1 votes:
Oh, I should add, Sorkin made his comment about Greenwald on Squawk Box. Not that Sorkin himself doesn't lean left generally, just that liberal political comments aren't really his "schtick" on air... he's not a foil to Kernen, or if he's supposed to be, he's a lousy one.
Not that it would make the show better if he were.

Oh well. At least CNBC's still got Mad Money! *gag*
2013-06-25 01:44:59 PM
1 votes:
Bloomberg. Financial news with a lot less DERP.
2013-06-25 01:43:15 PM
1 votes:

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


Yeah, really. He did say Greenwald should be arrested. Well, "almost arrested" or something like that.
And I don't watch Maher. It's farking terrible.

//Bernake is a Republican and originally a Bush appointee
//if shilling for Bernake is your idea of "liberal" balance.. well... ok there, Roger
2013-06-25 01:28:39 PM
1 votes:
Good. Stewart shoulda hung it up years ago.
2013-06-25 01:28:34 PM
1 votes:

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 01:25:18 PM
1 votes:
Who didn't farking know this already?
2013-06-25 01:20:14 PM
1 votes:
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 01:19:25 PM
1 votes:

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 01:14:20 PM
1 votes:
Say what you want about Al Franken, but doggone it, people like him.
2013-06-25 01:04:05 PM
1 votes:

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


With this one post, a Monty Python reboot was just greenlit.
2013-06-25 01:03:08 PM
1 votes:

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 01:00:34 PM
1 votes:

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 12:58:33 PM
1 votes:
Can't say I agree with removing this link from the main page and shunting it off to the entertainment section.
2013-06-25 12:58:19 PM
1 votes:

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 12:56:37 PM
1 votes:
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 12:52:02 PM
1 votes:

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 12:49:58 PM
1 votes:

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 12:45:24 PM
1 votes:

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!)
 
Displayed 56 of 56 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report