As opposed to the more general ignoramus, or DC Village ignoramus, he is at other times. In his latest column, he takes Jon Stewart to task for reaming Jim Cramer.
Cohen touts how everybody thought AIG was a safe investment, yada, yada, yada.
BUT… he ignores that Stewart took Cramer to task not for AIG, but toothless coverage of the larger financial crisis. And, it’s well-deserved criticism.
The subprime crisis was already starting to show up by the middle of 2006. Fiancial institutions, including swaps partners of AIG, knew they had derivatives that were shaky at best.
So, Cohen has just specialized his ignorance into a new direction.
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