Jon Stewart Rips Into CNBC

(Video) The Daily Show on Wednesday was supposed to feature guest Rick Santelli, a reporter on CNBC. Santelli is infamous for his rant against Obama’s mortgage plan, calling homeowners who are struggling to pay their loans “losers.”

Santelli backed out, or err, “bailed out,” as Stewart put it, from the interview. Instead, Stewart launched into a nearly nine-minute take down of the business news channel. Here are some of the ... Full Story »

Posted by Dale Penn

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Review

Michael Bugeja
4.5
by Michael Bugeja - Mar. 11, 2009

Bear with me on this one, NewsTrust viewers. This is quality satire on abysmal business journalism by CNBC. The segment is a bit overlong; but stay with it, because after a few minutes you will witness story follow-up--so rare in present-day journalism, it is satirized.

WARNING: View with discretion, especially if showing in a high school or college classroom, as the segment also includes foul language. Of course, the language is tamer than what passes for text on most teen cell phones; but educators have been grieved against for less.

He [Rick Santelli] became famous for a Howard Beale moment on the floor of the Chicago Mercantile Exchange.

For those unfamiliar with Howard Beale, rent the movie Network and click the link that features Beale’s “moment” on the fictional network UBS.

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Michael's Rating

Overall
4.5

Very good
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