The lone virgin at the orgy

So Jim “Mad Money” Cramer got it good on The Daily Show. While Jon Stewart took pains to explain he was not singling out Cramer but was criticizing CNBC and pretty much the entire business press for their total cluelessness and/or epic malfeasance, Cramer kept insisting that he, former hedge fund manager extraordinaire, had been lied to by big-name CEOs, former colleagues, and assorted others as he did “research” for his shows.

It seems Jim Cramer was the lone virgin at the orgy.

But sweet Jesus there’s always a tape. This one, a two-year-old interview on Wall Street Confidential, features Cramer candidly discussing his use of “fomenting” and other forms of market manipulation back in his hedge fund days.

So much for the virginity defense.

I don’t hold out much hope for the emergence of robust mainstream reporting on business and economics in the United Corporations of America. People will just have to look elsewhere. Here is an excellent place to start. I also highly recommend their Fianancial Crisis for Beginners.