Day two of RD’s bankruptcy proceedings saga, and reactions are pouring in, most about how Ripplewood for sucker punched on the deal, mainly as a result of its own foolishness on the deal.

Videos from Thomson Reuters (NSDQ: TRIN) and Jim Cramer, embedded below:

First, an interview with Dan Primack, Editor of PEHub, on the deal and the “dumbness” of the deal:

Second, Cramer calls for shorting all media stocks: