'The Daily Show' Goes Undercover -- Can They Catch the Bad Guys? (VIDEO)
by Oliver Miller, posted Oct 8th 2010 5:30AM
As you may have heard, we're having a bit of an economic crisis in America. And taxpayers had to spend $700 billion on the much-hated "bailout" in order to rescue banks and other gigantic institutions. 'The Daily Show' isn't so happy about this. So on the latest episode (weeknights, 11PM ET on Comedy Central), they went undercover to go after the bad guys who caused the economic meltdown. What was the cause of our current crisis? According to Jon Stewart, the financial disaster was caused by banks selling housing loans back and forth -- until they realized that the loans were completely worthless. Now, correspondent Wyatt Cenac tries to confront the villains.
Wyatt goes after the Mortgage Banking Association, or MBA. The MBA has been complaining loudly about ordinary citizens defaulting on their loans -- saying that it was moral issue, and that failing to pay a loan could have "dire" consequences. But when Wyatt goes looking for the MBA, he find that the bankers have done the exact same thing. They stopped payment on the loan for their $79 million headquarters building, and skipped town. But don't worry. They bad guys are still living in the lap of luxury. What a relief.
The 'Daily Show' reporter tracks the MBA members to a luxury hotel in Dallas, Texas. The businessmen are staying there -- weathering out the economic crisis while sitting by the pool, surrounded by fountains, women in bikinis and their own vineyard. Those poor guys. Wyatt tries to pin them down, but no one wants to talk to him. Will the 'Daily Show' be able to nail the bad guys for their hypocrisy?
- See a great moment on TV? Send feedback & suggestions to TT5@aoltv.com
- New clips post all day long. Don't miss out, subscribe to our RSS feed
