While the Morning Joe team sang the praises of one Jim Cramer, while cutting into time they could have been interviewing Chris Dodd concerning financial regulation reform…

…reality was setting:

Seek and ye shall find. Never has this been more true than combing through theStreet’s (extremely spares) financials. As investors may have been digging through the company’s SEC reports to find out just what the financial website’s unadjusted EBITDA is (hint: much, much less than its “adjusted” cousin), one stumbles upon this gem just filed in today’s Form 12B-25:

As a result of the need for the Company and its independent registered public accounting firm to focus attention on matters related to the Company’s previously-announced review of the accounting in its former Promotions.com subsidiary, which subsidiary the Company sold in December 2009 — including matters related to the preparation and filing by the Company in February 2010 of a Form 10-K/A for the year ended December 31, 2008, a Form 10-Q/A for the quarter ended March 31, 2009 and Forms 10-Q for the quarters ended June 30, 2009 and September 30, 2009, respectively, and matters related to an investigation commenced by Securities and Exchange Commission in March 2010 — the Company requires additional time  to prepare its financial statements, assess its internal controls and file its Form 10-K for the year ended December 31, 2009 (“2009 Form 10-K”).

via Jim Cramer’s TheStreet Is Being Investigated By The SEC | zero hedge.

Mad Money, indeed.

Before Superman’s cape came off, Scarborough poked fun at Danielson for how much he loves Tim Tebow. Someone had to.

During the Alabama beat down of Florida last Saturday, Danielson and Lindquist couldn’t help but call a scramble by the then dominant and later victorious Alabama QB Greg McElroy “Tebowesque”. It’s odd when heroic sports titans born of our wild imaginations and survivor’s bias die and all that is left is a human being, especially for the titan! Tebow, an avowed devout Christian, writes the book, chapter and verse number of a bible quote on his eye black each week.

His tears as final minutes expired and the Gators hopes of a repeat SEC championship hopes were dashed, his tears ran past “John” under his right eye and  ”16:33″ under his left:

“I have told you these things, so that in me you may have peace. In this world you will have trouble. But, take heart I have overcome the world.”.

Kind of ironic when crying over a football game.

Still, Tebow has been fun to watch and in the end he is a big f*cking barely adult and your college years are forever. I have to believe Alabama pounds Texas’ lights out in the BCS Championship game. Honestly, I don’t think Texas could beat Alabama or Florida. I hope I am right. Every bad, blowout BCS title game would just be more proof that a 16 team playoff is the way to go. The top 16 this year would leave you with 5 undefeated teams,  1 one loss team, 6 two loss teams and 4 three loss teams all squaring off to for a national playoff for a real championship.

1 Alabama 13-0
2 Texas 13-0
3 Cincinnati 12-0
4 TCU 12-0
5 Florida 12-1
6 Boise State 13-0
7 Oregon 10-2
8 Ohio State 10-2
9 Georgia Tech 11-2
10 Iowa 10-2
11 Virginia Tech 9-3
12 LSU 9-3
13 Penn State 10-2
14 Brigham Young 10-2
15 Miami (FL) 9-3
16 West Virginia 9-3
——————————-
17 Pittsburgh 9-3
18 Oregon State 8-4
19 Oklahoma State 9-3
20 Arizona 8-4
21 Stanford 8-4
22 Nebraska 9-4
23 Utah 9-3
24 USC 8-4
25 Wisconsin 9-3

Check the matchups:

‘Bama v WVU
Texas v The U
Cincy v. BYU
TCU v PSU
Florida v LSU
Boise v Va Tech
Oregon v Iowa
Ohio State v Georgia Tech

All of those would garner high ratings and strong travel. In addition, the ones I have put in bold, I think would have the highest probability of being closely contested, exciting games. Beamer Ball vs. Boise’s bag of tricks? Florida/LSU rematch?

But no. Instead, we have this sham title game. Ah well, they know I’m going to watch half of the bowls anyway. So let’s go bowling.

Melissa Harris-Lacewell, usually a contributor for Countdown with Keith Olbermann or Rachel Maddow Show, pops up on Morning Joe. Apparently she ran into Morning Joe folks on the plane down and that is how she ended up as a guest. She is an excellent advocate for African American and Urban issues. She does point out that the Obama Administration has sent many department heads (Department of Education, HUD, Homeland Security) to New Orleans. Even though President Obama only made one visit, he has competent and diligent cabinet members who are actually qualified to do their jobs.