High Noon on the Set: Cramer vs. Stewart

Economic Meltdown Not a Laughing Matter

The much-hyped showdown between Jon Stewart and Jim Cramer, the mercurial host of “Mad Money” on CNBC, felt like a Senate subcommittee hearing.

Mr. Stewart treated his guest like a C.E.O. subpoenaed to testify before Congress: his point was not to hear Mr. Cramer out, but to act out a cathartic ritual of indignation and castigation.

“Listen, you knew what the banks were doing, yet were touting it for months and months,” the ... Full Story »

Posted by Julian Friedland
Patricia L'Herrou
3.1
by Patricia L'Herrou - Mar. 14, 2009

the story fairly accurately reports the demeanor of both men, and the content. what's left out which is important in this story is the context : jon stewart's show is based upon daily criticism of/ frustration with the (usually cable) news media, showing the inflammatory, false and/or contradictory statements made by commentators. in this instance he took it further face-to-face with the one across from him, possibly because it is a vital issue for the public..

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Kenneth Sibbett
3.6
by Kenneth Sibbett - Mar. 13, 2009

With all the frauds and thieves on Wall street, the banking industry, and the economic shows, at least Cramer took his medicine. Now if he'll just sit down with all the people who lost their ass off, we can turn to something that helps this country.

Anyone who puts their money into anything these idiots on T.V. say probably thinks that a news show on real live T.V. couldn't be wrong. There should be an image like they due on chemicals, the old cross and bones before every show.

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Peter L. Combs
3.7
by Peter L. Combs - Mar. 14, 2009

A very fair revue of the Cramer-Stewart segment. A good job of explaining in the simplest terms whats wrong with and what went wrong on Wall Street.. The writer did a good job of outlining the behind the scene dynamics of how the segment arose.. A glimpse of the mindset of Wall Street players....disgraces all of them it seems.

Cramers background prior to having the show was well known as a shark. Perhaps had he been a more honest guy, all the Bankers might not have lied to him...nah they would have lied no matter what. Goldman Sack doesn't breed folks who take prisoners. Stewart had him from start to finish with the tapes.

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Glenn LaBauve
4.7
by Glenn LaBauve - Mar. 14, 2009

The reporting on the interview is spot on, but what is lacking is the very thing Jon Stewart was complaing about, a lack of accountability by those reporting on the news.

It is a travesty when the only honest financial reporting comes from comedy central. This was not Steart's first dressing down of "real" journalist, nor I sure will it be his last. Every new journalist talks about Woodard and Bernstien, Murl and Croncite, but get lazy and don't do their own fact checking, take the company line and print it and claim NO ONE COULD HAVE KNOWN. When the fastest growing news segment of the internet is fact checking, you know the people know BS,and they ... More »

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Julian Friedland
4.1
by Julian Friedland - Mar. 13, 2009

It looks like Stewart just destroyed this Cramer's career. Watch in link attached.

And it was the right thing to do.

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Naomi Isler
4.0
by Naomi Isler - Mar. 13, 2009

It's a pretty fair look at the show.

The interesting and sad thing is that it takes someone like Stewart, for all of his weaknesses as an interviewer, to take a leading role in critiquing (is that spelled right??) tv's financial 'shows'. Where were the more 'respectable' media in the runup to economic disaster?? Probably in the same place they were in during the runup to the Iraq war.

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Ron Breedlove
3.1
by Ron Breedlove - Mar. 14, 2009

Stewart was right, this is not a frigging joke.

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Elizabeth Krueger
3.1
by Elizabeth Krueger - Mar. 14, 2009

I'm wondering if I watched the same interview as the NYT writer. And the explanation of how CNBC/Cramer profit from the feud was weak at best, and opinionated without factual basis.

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Alice Olson
2.1
by Alice Olson - Mar. 14, 2009

I experienced this review as snarky. "A cathartic ritual of indignation and castigation"? "Messianic in his political satire"? I expect Alessandra may be the only viewer (other than Cramer and his ilk) who wasn't having fun watching this "comedian lose his sense of humor."

Stewart's explication of the shadow Wall Street where all the invested-for-the-long-term 401K money is used to fuel the wealth accumulation of game players like Kramer and his sources was the simplest, clearest address I've seen of how it was that so many millions of regular folks' dollars have been lost these past months. It was way past cathartic. It was educational and, if the prosecutors were paying attention, it should end with at least one of them in jail. I'd put the show ... More »

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