Daily Show host Jon Stewart mocked, swore at and questioned the credentials of CNBC screaming head Jim Cramer last night in the culmination of the Daily Show-CNBC feud. The dressing down resulted in Cramer actually agreeing to not bill himself as a financial expert anymore. We give it two weeks until Mad Money is canceled.
Video after the jump.
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Part 2 of the interview was where things really heated up. You can watch that clip here:
http://gotchamedia.blogspot.co.....ramer.html
It’s worth it.
Matt, thanks for the link. Great interview - informative and well, informative.
really - i was amazed. so well articulated. and the best part was the closing remarks by stewart:
"i hope that was as uncomfortable to watch as it was to do."
It really was uncomfortable, as in "ouch!" over and over. Stewart asks the questions main stream media SHOULD ask, but never do. That's why we have this so-called comedy show that is more informative than the so-called 'real' news.
Huh. I thought the Jim Cramer fans would have come to his defense by now. I guess they're looking for a Rush instead.
Stewart really pointed out the total hypocracy in taking advice from really any of these guys when he played that clip of Cramer talking about hedge fund tactics. There's almost always this kind of anti-social selfishness to anyone posturing as a financial expert. Cramer totally affects this attitude when he's speaking on the hedge fund tape. In contrast, his "Populist" advising is totally contradictory, because there's always the implication that if a guy is financially savvy, he's only making money for his peeps, while the "others" out there are getting screwed.
Business schools should teach ethics, not hold up this "screw you" attitude as an ideal. Frankly every financial guy I've ever met puts on this attitude when they want to impress you with their knowledge, or impress some other worthless financial type.