Feature

Jon Stewart: Lecturing Jim Cramer

'Mad Money' host Cramer takes his lumps for failing to warn investors of calamity

Jon Stewart just showed the blabbermouths at CNBC who's really "mad as hell," said Steve Johnson in the Chicago Tribune. Culminating a feud that began after the CNBC reporter Rick Santelli's on-air rant at President Obama's mortgage bailout, Stewart gave CNBC Mad Money host Jim Cramer a long lecture on Stewart's Daily Show, (watch Stewart's introduction and part 1 of the interview) scolding Cramer for blindly trusting CEOs instead of warning investors of a coming economic meltdown. (watch Cramer's response)

"What happened to stock pundit Jim Cramer?" asked Diane Brady in BusinessWeek. He never claimed to be an investigative reporter, yet he sat there "cowed" as Stewart slammed him and CNBC for "not being more of a watchdog before the crisis." Since when is Cramer a "somber spokesman" whose job is answering for CNBC's every error on a comedy show?

Jon Stewart is more than the host of a comedy show, said James Fallows in The Atlantic. "It is clichéd to praise Stewart as the 'true' voice of news; and, yes, it is too piñata-like to join the smacking of CNBC." But, "I found this—the Stewart/Cramer slaughter—incredible." Stewart humbled Cramer, "without excessive showboating," in a way that "did the journalistic sensibility proud."

Recommended

Russian diplomat resigns over war in Ukraine
United Nations flag.
quittin' time

Russian diplomat resigns over war in Ukraine

21-year-old Russian soldier sentenced to life in prison for killing Ukrainian man
Russian Sgt. Vadim Shishimarin listens to his translator during a court hearing in Kyiv, Ukraine, Monday, May 23, 2022. The court sentenced the 21-year-old soldier to life in prison on Monday for killing a Ukrainian civilian, in the first war crimes trial
guilty

21-year-old Russian soldier sentenced to life in prison for killing Ukrainian man

Number of displaced persons worldwide tops 100 million, UN reports
Evacuation in Donetsk
prayer of the refugee

Number of displaced persons worldwide tops 100 million, UN reports

U.S. will defend Taiwan if China attacks, Biden says
Joe Biden and Fumio Kishida
to the rescue!

U.S. will defend Taiwan if China attacks, Biden says

Most Popular

John Oliver has some complaints about Subway, the sandwich chain
John Oliver
Johnsplaining

John Oliver has some complaints about Subway, the sandwich chain

The deadly heat wave frying India and Pakistan
Heat in India.
Briefing

The deadly heat wave frying India and Pakistan

Russia claims to have captured Mariupol
Russian soldier in Mariupol.
big if true

Russia claims to have captured Mariupol