Monday, March 16, 2009

Jon Stewart vs. Financial News Networks

I am a big fan of Jon but I was late to catch this. But when I did, it did inspire me to post on this blog. Jon blasted Jim Cramer, the host of a popular CNBC show 'Mad Money' for not standing up to protect public interest and cheerleading the mad market even though he (and others at CNBC) knew what was going on. His criticism was not about Cramer but the whole financial journalism in general for losing its way. This point was lost on some though if you follow various columns and blogs on internet on this. However, what I want to congratulate Jon for is calling out his own industry colleagues for not doing their job properly. It takes a lot of guts to do this and that is why we never have enough people doing it. Thank you Jon. Here's the link to Jon's The Daily Show.