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'Saturday Night Live' Mocks Al Sharpton Talking About 'Jip Morgan' (VIDEO)

Posted: Updated: 05/21/2012 9:52 am

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The latest episode of "Saturday Night Live" took on Al Sharpton, portraying the MSNBC host as someone who just doesn't understand the news.

The show has mocked Sharpton's hosting abilities and his teleprompter flubs on "Politics Nation" before. On Saturday, it returned to the theme with a hilarious skit starring Kenan Thompson as Sharpton and Mick Jagger as a JP Morgan executive.

Thompson introduced the week's big Wall Street story: the $3 billion loss at JP Morgan — or as he called it, "Jip Morgan."

When the executive said it was actually pronounced "J-P Morgan,” Thompson responded, “OK then, you can call me A-L Sharpton.”

He wanted to know more about the trader responsible for the trades, nicknamed the London Whale. "Where is this whale?” Thompson asked.

“Well, it's not an actual whale," Jagger replied. "He's here in England."

“Oh, so he's on land," Thompson realized. "He’s beached!"

When Jagger started explaining how the London Whale lost all that money, Thompson looked completely flummoxed. He just wanted to know, "Where's this whale?!"

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  • Al Sharpton

    NEWARK, NJ - FEBRUARY 18: Rev. Al Sharpton interviewed by the media after the funeral service for Whitney Houston on February 18, 2012 in Newark, New Jersey. Whitney Houston was found dead in her hotel room at The Beverly Hilton hotel on February 11, 2012. (Photo by Michael Nagle/Getty Images)

  • NEWARK, NJ - FEBRUARY 18: Rev. Al Sharpton interviewed by the media after the funeral service for Whitney Houston on February 18, 2012 in Newark, New Jersey. Whitney Houston was found dead in her hotel room at The Beverly Hilton hotel on February 11, 2012. (Photo by Allison Joyce/Getty Images)

  • NEWARK, NJ - FEBRUARY 18: Rev. Al Sharpton interviewed by the media after the funeral service for Whitney Houston on February 18, 2012 in Newark, New Jersey. Whitney Houston was found dead in her hotel room at The Beverly Hilton hotel on February 11, 2012. (Photo by Allison Joyce/Getty Images)

  • NEW YORK, NY - FEBRUARY 18: Reverend Al Sharpton speaks during the funeral for Bronx teenager Ramarley Graham, who was shot to death by police officers earlier this month, at Crawford Memorial United Methodist Church on February 18, 2012 in Bronx borough of New York City. Family, friends, local politicians and community members paid their respects only blocks away from where the unarmed teen was shot and killed by police inside of his home on East 229th Street following a chase on February 2. (Photo by Spencer Platt/Getty Images)

  • NEWARK, NJ - FEBRUARY 17:Reverend al Sharpton and Roslyn M. Brock, Chairman, NAACP National Board of Directors attends the 43rd NAACP Image Awards viewing event at NJPAC - Prudential Hall on February 17, 2012 in Newark, New Jersey. (Photo by Bennett Raglin/Getty Images)

  • NEWARK, NJ - FEBRUARY 17: Reverend Al Sharpton attends the 43rd NAACP Image Awards viewing event at NJPAC - Prudential Hall on February 17, 2012 in Newark, New Jersey. (Photo by Bennett Raglin/Getty Images)

  • GARDENA, CA - JANUARY 28: Rev Al Sharpton officiates at the funeral of singer Etta James in the City Of Refuge Church on January 28, 2012 in Gardena, California. (Photo by Toby Canham/Getty Images)

  • NEW YORK, NY - DECEMBER 21: (L-R) Reverend Al Sharpton and Samuel L. Jackson celebrate Samuel L. Jackson's 63rd birthday following a performance of Broadway's 'Mountaintop' at The Bernard B. Jacobs Theatre on December 21, 2011 in New York City. (Photo by Andrew H. Walker/Getty Images)

  • WASHINGTON, DC - JANUARY 16: (AFP OUT) (L - R) U.S. President Barack Obama, activist Rev. Al Sharpton and District of Columbia Delegate Eleanor Holmes Norton arrive at the Kennedy Center for the Performing Arts to attend the Let Freedom Ring Celebration on January 16, 2012 in Washington, DC. The muiscal celebration is in honor of Dr. Martin Luther King Jr. and features singer Bobby McFerrin. (Photo by Mike Theiler-Pool/Getty Images)

  • NEW YORK, NY - DECEMBER 21: (L-R) Kathie Lee Gifford, Reverend Al Sharpton, Samuel L. Jackson and Angela Bassett celebrate Samuel L. Jackson's 63rd birthday following a performance of Broadway's 'Mountaintop' at The Bernard B. Jacobs Theatre on December 21, 2011 in New York City. (Photo by Andrew H. Walker/Getty Images)

  • NEW YORK, NY - NOVEMBER 30: (L-R) Ashley Sharpton, television personality Al Sharpton, and Dominique Sharpton attend Rockefeller Center Christmas Tree Lighting Party at Rock Center Cafe on November 30, 2011 in New York City. (Photo by Gary Gershoff/Getty Images for NBC)

  • NEW YORK, NY - NOVEMBER 08: Rev. Al Sharpton (R) and other civil rights activists announce the 'Stand for Freedom' voting rights campaign on the steps of City Hall on November 8, 2011 in New York City. The campaign is in response to an effort by some state legislatures around the country to require voters to provide government photo identification in order to vote. The activists say these efforts are designed to disenfranchise minority voters. (Photo by Mario Tama/Getty Images)

  • WASHINGTON, DC - OCTOBER 16: Al Sharpton speaks during the Martin Luther King, Jr. Memorial dedication on the Main Stage at West Potomac Park on October 16, 2011 in Washington, DC. (Photo by Kris Connor/Getty Images)

  • NEW YORK, NY - OCTOBER 10: The Reverand Al Sharpton joins Wall Street protesters at Zuccotti Park where hundreds of activists are living on October 10, 2011 in New York City. Hundreds of activists affiliated with the 'Occupy Wall Street' demonstrations have been living in the park in the Financial District near Wall Street. The activists have been gradually converging on the financial district over the past three weeks to rally against the influence of corporate money in politics among a host of other issues. The protests have begun to attract the attention of major unions and religious groups as the movement continues to grow in influence. (Photo by Spencer Platt/Getty Images)

  • WASHINGTON, DC - SEPTEMBER 28: Rev. Al Sharpton holds a press conference at the National Press Club September 27, 2011 in Washington, DC. Sharpton and labor leaders announced details of a mass march for 'Jobs and Justice' to be held October 15. (Photo by Win McNamee/Getty Images)

  • Rev. Al Sharpton speaks to the media while leading a group of demonstrators calling for Georgia state officials to halt the scheduled execution of convicted cop killer Troy Davis at the Georgia Diagnostic and Classification Prison in Jackson, Georgia, on September 21, 2011. Davis is scheduled to die wednesday for the 1989 murder of a Savannah police officer, although his supporters contend several witnesses have recanted their trial statements. AFP PHOTO / ERIK S. LESSER (Photo credit should read ERIK S. LESSER/AFP/Getty Images)

  • NEW YORK, NY - JUNE 13: Reverend Al Sharpton and Apollo Theater manager Jonelle Procope attend the 2011 Apollo Theater Spring Gala at The Apollo Theater on June 13, 2011 in New York City. (Photo by Jemal Countess/Getty Images)

  • WASHINGTON - APRIL 19: Al Sharpton, President of National Action Network, leaves after a meeting with President Barack Obama on immigration at the White House April 19, 2011 in Washington, DC. Obama had a meeting with a group of business, law enforcement, faith, and current and former elected and appointed leaders to discuss the fixing of the immigration system for the 21st century economic and national security needs. (Photo by Alex Wong/Getty Images)

  • WASHINGTON - APRIL 19: (L-R) Al Sharpton, President of National Action Network, Eric Garcetti, City Council President of Los Angeles, Charles Ramsey, Chief of Police of Philadelphia, and Bill Bratton, former police chief of Los Angeles and of New York City, walk toward the podium after a meeting with President Barack Obama on immigration at the White House April 19, 2011 in Washington, DC. Obama had a meeting with a group of business, law enforcement, faith, and current and former elected and appointed leaders to discuss the fixing of the immigration system for the 21st century economic and national security needs. (Photo by Alex Wong/Getty Images)

  • US President Barack Obama greets Rev Al Sharpton as he arrives to speak at the 20th anniversary National Action Network Gala on April 6, 2011 at a hotel in New York City. The National Action Network is a coalition of civil rights groups headed by Reverend Al Sharpton. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)

  • MSNBC's "PoliticsNation" host Al Sharpton talks about the qualities he'd like to see in a Republican presidential candidate.

  • Al Sharpton, Chris Matthews

    The Rev. Al Sharpton, left, and news anchor Chris Matthews attend the White House Correspondents' Dinner at the Washington Hilton on Saturday April 27, 2013 in Washington. (Photo by Evan Agostini/Invision/AP)

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Filed by Katherine Fung  |