Have you had a chance to watch the clips of Jim Cramer on Jon Stewart’s F-bomb show?   Stewart pulls out some old clips of Cramer discussing how manipulation occurs in the rumor mill of the media world.  The clips are well worth watching, but be fair warned that Stewart uses explicit language to make his points.  

Now it is interesting to note that Cramer has either found religion so to speak, because he’s been one of the few who has been pointing out the attack of the short sellers on companies like Citi, etc., or he sees the ship sinking and he’s one of the first rats to jump.  Is he playing snitch so that he’ll live to play another day? Never underestimate a survivalist like Cramer.

Cramer isn’t stupid.  He’s extremely bright. Given his history that you can read about at DeepCapture.com, it’s especially noteworthy to watch what he’s saying today.

The latest from Dr. Byrne at DeepCapture is a good place to start:

What should we learn from the fact that “The Daily Show’s” Jon Stewart has in four evenings (1 2 3 and 4) exposed Jim Cramer in a way that, in any sane world, he would have been exposed a decade ago? To answer that, consider these associated facts: while the Jim Cramer constellation of journalists (Mitchell’s Media Mob) backed each other up while covering-up the subject of criminally abusive short selling by hedge funds to whom they were close, four channels of the media broke rank:

1. Two years ago Bloomberg did a half-hour documentary that broke away from the Party Line;
2. Liz Moyer at Forbes has covered the real issues fairly and diligently, and another Forbes reporter named Nathan Vardi took a good swipe at the story (”Sewer Pipes“);
3. Rolling Out Magazine (”an UrbanStyle Weekly serving the African American community”) called me up a couple years ago and did precisely the fair, non-disorted interview of which the remainder of the New York financial media was entirely incapable;
4. Now, “The Daily Show” has broken ranks by stating the obvious: there are journalists shilling for favored hedge funds.

Could the lesson be that the first news organizations that can break ranks with the Party Line are either fringe (”Rolling Out Magazine” and “The Daily Show”) or the properties of billionaires (Bloomberg and Forbes) who cannot be intimidated?