I just watched Jon Stewart eviscerate Jim Cramer on his show live and face to face and Cramer doesn't even know he is being destroyed. Stewart is mad as hell and echos the feelings of the country. He exposes Cramer's illegal trading ion the tape of him describing his techniques as a hedge fund manager and then proceeds to indict the whole financial broadcast industry.
Stewart is doing what the press should have done all along with these financial liars. This is a program worthy of an Emmy as an example of great journalism.
When he asks Cramer who he is responsible to. His assessment that the networks have been irresponsible and facilitated the wild swings in the market. He reminds Cramer who pleads innocent that as a reporter, he should investigate the statements that companies and executives make with impunity. Stewart has asked the real question of the decade and that is when did journalism stop seeking the truth and started just reprinting press releases?
Watch the whole uncensored interview here.
Thursday, March 12, 2009
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