Pshh... I like Stewart, but he's just destroying strawmen... literally, in the sense that people like Cramer are just dummies. They are what I like to call "financial porn"... snake oil peddlers. I've met them in pyramid schemes as much as hedge fund managers.
Lots of people predicted this crunch. And they are right. So were the people who predicted it a decade ago. Or the decade before that. *shrug*