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Thread: Jon Stewart Evaluates America’s AA+ Credit Rating Disaster: ‘Are You F*cking Serious?’

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    Default Jon Stewart Evaluates America’s AA+ Credit Rating Disaster: ‘Are You F*cking Serious?’

    he mostly takes shots at both parties but his liberal stripes are showing...

    video at the link below...

    http://www.mediaite.com/tv/jon-stewa...cking-serious/

    The news of the United States Treasury being downgraded to AA+ rating by Standard & Poor’s seems to have hit Jon Stewart as hard as the rest of us, from the fact that the S&P had given some of the worst mortgage securities great ratings to the market’s decision to sell stocks and collectively invest in “freshly downgraded treasuries.” Expressing what most Americans were likely thinking watching the news all day, Stewart at some point simply threw his hands in the air and asked of the country, “are you f*cking serious?”

    Stewart began his segment lightheartedly, mocking S&P’s “stupid” name (“who’s going to listen to a corporation whose name means ‘average & below average’?”) but it took little time for outrage to boil up, beginning with the list of countries who now have better ratings than America. “We’re below the Isle of Man?!” he exclaimed. “There’s no industry there!… I can’t wait to see what these morons said in their analysis,” he quipped. He couldn’t help seeing their point after a quick tour of Sunday talk shows of politicos talking over each other, and Speaker of the House John Boehner claiming he’s very happy with the debt deal that S&P cited as a primary reason for their downgrade. “You are the world’s most misguided tangerine,” Stewart lamented.

    But what really got Stewart going was what the stock market did with the new information that America’s treasuries were now less reliable: put all of their money into “the safest place they can find– freshly downgraded treasuries.” He expressed his anger with an analogy: “you broke our f*cking house down and then have the balls to go ‘Hey, your basement still standing. You mind if I, you know, put my money there for a little bit?’”

    Mostly missing from his wrap-up of the terrible day? President Obama, who has been doing his part to cope, but seems not to have played enough of a role in the stock market madness to merit a mention.
    Last edited by purplechoe; 08-08-2011 at 11:02 PM.
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    John Stewarts brother is like COO of the NYSE?
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    Member purplechoe's Avatar
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    Quote Originally Posted by squarepusher View Post
    John Stewarts brother is like COO of the NYSE?
    BINGO! Larry Leibowitz

    Mr. Leibowitz was appointed chief operating officer in the first quarter of 2010. In this capacity, he is responsible for operations management, global cash execution and global listings. He previously served as group executive vice president and head of U.S. Execution and Global Technology from 2007 until 2009. He joined NYSE Euronext in 2007, having served as managing director and chief operating officer, Americas Equities, at UBS Investment Bank. Prior to joining UBS in 2004, Mr. Leibowitz held the position of executive vice president, co-head of Schwab Capital Markets. He currently serves on the board of National Stock Exchange of India and has also served on many industry boards and committees, among them the Market Structure Committee of the former Securities Industry Association (now SIFMA).
    "I have never let my schooling interfere with my education." - Mark Twain

    "Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself."
    - Mark Twain

    "I'm Ron Paul, I'm a Congressman from Texas serving in my tenth term, I am the champion of the Constitution." 05/03/07 - revolution restarts





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