GuiananZone

A Ponzi scheme is a fraudulent investment operation that pays returns to investors from their own money or money paid by subsequent investors rather than from any actual profit earned.

On March 4, 2009 John Stewart included a clip about Sir Allen Stanford whose business was showing remarkable gains in a shrinking economy which originally aired on CNBC on May 13, 2008. Stanford was, at the time, ranked number 605 on the world billionaire ranking list, managing over $50 billion.

It was later found out that Stanford was stealing investment money rather than actually investing it, which is why his "business" was unaffected by the crashing economy. Stanford stole over $8 billion from investors and says that, "yes, it is fun being a billionaire."

And as the great John Stewart put it, "Fuck-you!"

Fuck-you indeed.

To see the clip fast-forward to 7:07...

John Stewart has done it again. The late night Comedy Central news host was supposed to have Rick Santelli on his show to discuss Santelli's own rant concerning the housing bailout.



When Rick Santelli failed to appear on The Daily Show, Stewart retaliated with a rant, dubbed "CNBC Gives Financial Advice," pointing out a series of instances where CNBC reports guessed wrong with regard to the market.

The video clip has already recorded 1.3 million views to date, making it Comedy Central’s most streamed clip this year.

When will people learn that if you don't show up to a late night gig you will get burned - can I get an amen Mr. McCain?

So thank-you John, for making us laugh night in and night out, for putting together and pointing out the blindingly obvious facts that the general population seems to naturally overlook, and for making us think about who we get our advice from.