Saturday, March 14, 2009

Cramer vs Stewart; win, lose, or draw?


Just wrapped up watching the, hopefully, final segment of the Daily Show with Jon Stewart in which he finally got Jim Cramer to come on the show. Jon let loose on Cramer in a no-holds-barred street brawl...and Cramer begged for more. The real winners here are the viewers of both shows. Stewart gains a little more in the respect and accountability department, while viewers of "Mad Money" will likely take Cramer's advice with some extra grains of salt going forward.

Jon Stewart not only lambasted Cramer for allowing the network to portray him as a financial guru, he let loose on the network (CNBC) as well. He called them to task to be more investigative and less schmoozy with the financial world. While he did not specifically blame them for any part of the financiial crisis, he did make it abundantly clear that if there was any network that could be in the position to know what was coming, it should have been CNBC. They either sat on the sidelines, or worse, at times, cheered them on as the powers that be raped and pilaged.

The sad part is that this one show will likely result in little if any changes. But in the meantime, kudos Jon, you represented the 'little guy', and you did it with fortitude and dignity.

No comments: