Friday, March 13, 2009

Cramer versus Stewart: CNBC on trial

I was surprised. Down, down, down he went, almost without a fight, CNBC's voluble Jim Cramer, with his credibility at stake and maybe CNBC's as well. There the man sat, hands folded, taking the scolding, often repentent, promising to do better next time, as Jon Stewart of The Daily Show kept piling it on. Quite a sight. Some financial media are seizing on this interview as an indicator of the state of financial reporting today. Check out coverage at Calculated Risk, Felix Salmon, Huff Post, The Wall Street Journal, The New York Times, Fortune, Business Week, the Financial Times and Yves Smith at Naked Capitalism. Even John Authers writing from London mentioned it.
  • And near the end of an interview in April Yale Alumni Magazine, Yale endowment manager David Swenson makes some pointed comments on Cramer.

  • Roubini goes after Cramer too (4/8)

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