“Apparently Rick Santelli,” said Mark Silva in the Chicago Tribune, “should have shown up on The Daily Show.” Instead, Santelli—famous for his rant on CNBC against President Obama’s mortgage bailout plan—canceled, and Daily Show host Jon Stewart took Santelli and his cable business channel apart by replaying a long series of horribly wrong predictions by CNBC commentators. (Watch the video)
Jon Stewart’s savaging isn’t “entirely fair,” said Verne Gay in Newsday. But, unfortunately for CNBC and Santelli, it’s “great TV.” CNBC blew it by keeping Santelli off Stewart’s show. In doing so, CNBC bigwigs committed the “sin” of letting someone else define them.
The error was especially bad, given Stewart’s definition of CNBC as a clueless bunch of big-business suck-ups, said Ryan Chittum in the Columbia Journalism Review. It was priceless, from the clip of CNBC star Maria Bartiromo lobbing softballs at “the now-disgraced John Thain,” to CNBC’s Carl Quintanilla asking now-exposed Ponzi schemer Allen Stanford whether he likes being a billionaire. “In the annals of business-press criticism,” there has never been anything better than this “utter beatdown.”
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Here comes the Pentagon's newest space plane
- 10 things you need to know today: October 25, 2014
- 43 TV shows to watch in 2014
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- Everything you need to know about the voter ID controversy
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Extreme haunted houses: Inside Halloween's most terrifying new trend
- How 1,000-year lifespans could remake the economy
- 6 things the happiest families all have in common
- Let us now praise Billy Joel
Subscribe to the Week