Point: Wachovia reports 23.9 billion dollar losses for third quarter.

Counterpoint: Barack Obama ahead 10 points in polls.

Point: Dow drops another 400 points this afternoon.

Counterpoint: Someone finally tries to arrest Karl Rove. Unfortunately it's just a crazy Code Pink lady, so that's a toss-up.

Conclusion: Prepare for the end of times, son!

Jim Cramer is to Wall Street what Gallagher was to watermelons. The CNBC Mad Money stock-picker with a penchant for prop comedy has found himself in a loyalty-slump recently, after making bad calls on his show for investing in Bear Stearns and Wachovia, as well as advising viewers to take all the money they need for five years out of the market…a few days before the dow soared up 900+ points.

Fox Business News hasn't ignored this development of their major competitor, and in an effort to draw attention to the Achilles' heel of their opponent's hero, the Roger Ailes' owned station bought time on CNBC's own channel to play Cramer-dissing ads.

Funny thing though: Jim Cramer and CNBC are still kicking Fox's ass:

CONTINUED »

You are looking at a Wall Street Journal headline from yesterday's newspaper. What you might not get from the headline is that instead of posting a $8.86 billion loss, Wachovia will post a $9.11 billion loss. Pennies, right? But there's a reason you didn't get a sense of peril — we're talking a $250 million difference — from the headline: the Journal didn't want you to. When Rupert Murdoch launched the Fox Business Network last year, he promised a "more business friendly" (than CNBC) financial network. And having gobbled up the Journal, it appears Murdoch might be spreading that policy to newsprint. Otherwise, this headline might've read the less wordy, less vague, "Wachovia Admits to Even Wider Loss." [Naked Shorts]