Saturday, March 14, 2009
Stewart vs. Cramer
Click on the title to view the full episode of Jon Stewart's March 12th interview of Jim Cramer. Cramer hosts a show called "Mad Money" on the cable business channel CNBC. He promotes himself as an expert in the ways of the market and investing and has gathered a huge following over the years. In a frenetic format he tells people to buy and sell stocks and provides information while throwing chairs and stuffed bulls. Stewart contends that the station lost its journalistic objectivity and became a shill for Wall Street. Consequently, instead of warning viewers of the very conspicuous signs of collapse, the commentators continued to promote optimism. I haven't taken Jon Stewart too seriously in the past, though he is funny and insightful. But, this was a step up as he was relentless in questioning Cramer into submission. In defense of Cramer, he is just one voice (though the most prominent) on that channel and only a fool invests his hard earned money based on the view of one opinion. The interview is about 20 minutes long.
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