Stewart Destroys Cramer
by Todd Beeton, Fri Mar 13, 2009 at 07:52:42 AM EDT
If you missed Jon Stewart's interview with Jim Cramer on yesterday's Daily Show, it's absolutely must-watch television. I give Cramer a lot of credit for going on the show at all but his reduction to a whining, defensive child at Jon Stewart's hands can be a bit painful to witness. Memo to media: watch Jon Stewart for a lesson in how to hold your own accountable AND as a warning of what could happen to you if you act irresponsibly.
Unfortunately, the Comedy Central videos won't embed but watch the interview over at the Indecision Forever blog.
Update [2009-3-13 11:57:18 by Todd Beeton]:Here's part of the interview posted on YouTube but again, watch the whole thing in all its cringe-inducing populist glory:
Update [2009-3-13 23:0:43 by Charles Lemos]: Here's the video from Comedy Central. I have never believed in the wisdom of finance as "entertainment" and that's Mr. Cramer is a financial entertainer. He bemoans that Lehman CEO Richard Fuld "lied" to him about the health of the bank. As a former equity analyst who had a pretty good batting average stock picking wise, I'll say this, financial reporting isn't a game and Mr. Cramer treated it as one. A show called Beat the Street is little different than Let's Make a Deal except for the fact that the repercussions are more far-reaching. In my coverage universe, I could tell when a CEO or CFO was trying to pull one over on me. Balance sheets and cash flow statements tell a story. It pays to pay attention to them.