Tuesday 17 March 2009

Jon Stewart puts spotlight on CNBC and meltdown



NEW YORK (AP) — The feud between Jon Stewart and CNBC’s Jim Cramer has been good for laughs — and ratings — but has also raised the serious question of whether the experts at TV’s No. 1 financial news network should have seen the meltdown coming and warned the public.

Over the past two weeks, Stewart’s “Daily Show” on Comedy Central has ridiculed CNBC personalities, including Cramer, the manic host of “Mad Money,” by airing video clips of them making exuberantly bullish statements about the market and various investment banks shortly before they collapsed.

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