I think a lot of people are missing the point here. Stewart’s main premise…the main point he was trying to make until Cramer made it all about him was that we should expect more of our journalistic resources. If CNBC is going to tout themselves as the defacto standard for financial news then maybe they should spend a little time asking the tough questions. Don’t just ask the CEO’s “Is everything alright.”. Open the 10k’s, open the annual reports, READ THE FOOTNOTES (because that’s where all the REAL information is) and really push the people they interview.
CNBC does not do that. They are fluff programming with fluff information. They bring on a really smart contrarian to debate one of the typical industry shills and they give the two of them a minute 30 seconds to discuss. That’s what Stewart is trying to get at and I think he did an excellent job. CNBC is utter crap and he exposed them for what they are, Financial Farce wrapped in whipped cream.
