It’s not just host Jon Stewart who delivers hilarious political satire and commentary on The Daily Show every night; the team of “correspondents” they have on staff that file field reports often provide some of the most brilliant and funny material the show has to offer.
This Wednesday’s episode is no exception as it presented a story featuring Samantha Bee and her commentary on the total lack of coverage the mainstream media gave to Blackstone –a private equity firm in the middle of a credit default swap scandal.
So what did this private equity firm do? Well, Blackstone’s story proves that the same rules that apply to average citizens do not apply to the banking world. Stewart pointed out that what Blackstone did when it bought a European entertainment company and then loaned them money, contingent on paying another loan late, was akin to insurance fraud like in the movie “Goodfellas.”
Bee went in search of answers as to why a company so underhanded wasn’t excoriated by the media for their actions, and the results are in this hilarious clip below, courtesy of Comedy Central.