Politics | 01/16/2009 11:50 am
Bethany McLean Discusses Ignorant Investors on 'Daily Show' (Video)
Journalist Bethany McLean’s finally getting the recognition she deserves. McLean, who broke the Enron scandal story, recently penned a Vanity Fair piece on Fannie Mae and Freddie Mac. That said, this lady’s got a real handle on the nation’s economic situation, and that knowledge landed her on Comedy Central’s "The Daily Show."
Though she certainly understands the current climate, McLean tells host Jon Stewart that she’s absolutely astonished at how Americans choose their investment tracks. When asked what went through her head when she discovered Enron’s corruption, McLean remarked, "At the time, I thought, ‘Wow, this is just shocking. I can’t believe people could behave like this. I thought it was a revelation that investors — you shouldn’t put money into things you don’t understand. If you don’t understand how it’s making money, maybe it’s not making money." This leads perfectlyinto a conversation on Bernie Madoff, who, Stewart jokes, "defrauded everybody who’s ever gone to a seder," and how he’s still living the high life while awaiting trial. Wonders Stewart, "Why is it so difficult — why aren’t the white-collar crimes penalized in the same way we penalize crack?" We have a guess …
Watch what else McLean had to say:























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