I don’t know how many people have been keeping up with the ongoing “feud” between Jon Stewart, CNBC, and Jim Cramer, but it’s pretty funny. Not the underlying economic problems our country is facing, but the back and forth media battle between these guys.
Jon Stewart Vs. Jim Cramer: The Battle of Brawl Street
I don’t think Stewart set out to crucify Cramer, but as the media ran with the story, he did what any good comedian would do – run right along with it. After all, ratings are ratings, right?
Quoting from the Comedy Central commercial leading up to this spot… “It’s been twittblogged on the interscape and people have talked about how much people have talked about it…” Without further ado:
Stewart slams CNBC (8:29):
This clip started it all! Stewart slammed the “financial experts” at CNBC, including Mad Money’s Jim Cramer. Cramer’s response in the media set up the next video where Stewart slams Cramer.
In Cramer We Trust (5:04):
Watch Jim Cramer mercilessly skewered by Jon Stewart. Classic. After this, the only possible next action is to bring these two entertainers together.
Cramer and Stewart interview 1 (5:47):
Jon Stewart invites Jim Cramer to his show so Cramer can defend his honor and they can discuss things man to man. The segment opens with a friendly discourse, but you get the feeling that Stewart is setting something up.
Cramer and Stewart interview 2 (11:24):
Stewart really lights into Cramer here as he exposes Cramer for market manipulation… among other things. The full video of Cramer discussing market manipulation is directly below this one. Part 3 of the Stewart/Cramer interview follows the market manipulation video.
Cramer in trouble with the SEC (6:45): You can watch the full Jim Cramer interview where Cramer discusses market manipulation. This interview got Cramer into trouble with the SEC.
Cramer and Stewart interview 3 (2:19):
Stewart and Cramer both call for harsh actions against criminals on Wall Street and the general problems that caused the financial crisis.
My thoughts on all this
For pure comedic value, it’s fun. For anything else, it’s not worth it. No investor will ever be right 100% of the time. For every time that Cramer was wrong, there were other times he was right and made a lot of money for himself, his charitable trust, and other people. Cramer himself will be the first to admit that he makes mistakes, and even refers to himself as an entertainer in the interview.
Stewart is an intelligent man, no doubt. But not a financial professional and there is no way he could have foreseen this economic crisis. Stewart is a comedian and can rip into the financial industry from behind that wall of security… just as I can with my blog.
What are your thoughts?