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« A Turning Point in Journalism History? Reactions to Stewart versus Cramer | Main | Econ4u on how Much Money Cramer Might Have Lost You »

March 14, 2009




Great post!

Cramer's defenders are going to have a tough time, no matter how little coverage his network gives the Stewart story. It's amazing how much we end up relying over and over on a comedian to speak the truth about how bad our television journalism has become (I harken back to his CNN appearance some years back on Crossfire.)

I would certainly agree with your assessment of Alessandra Stanley's Times piece about the Stewart interview. It essentially tries to sweep Stewart's charges under the rug by saying, "He's angry, not funny."

I hope the whole affair leads to some serious housecleaning at CNBC. Cramer's far from the only one there selling snake oil.


HI bill,

Thanks. It's no surprise that we agree on this. :)

When you get a chance, I hope you'll send an email and tell me how you're doing.


Great work, Mr. Liebowitz. Keep breaking new ground like this and you may want to think about using your real name on The Daily Show. Kinda like how Johnny Cougar, over time, became John Cougar Mellencamp, and then just John Mellencamp... And might I suggest Bawney Fwank, D-Massachusetts, Democrat Chair of the Financial Services Committee, first House member to come out of the closet voluntarily, and also the first member of the House to be censured for providing the apartment out of which a gay boyfriend ran a gay prostitution ring, for the next big Gotcha? "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing," he said in September of 2003. Oughta make another great show. You could splice Fwank's Fannie/Freddie boostering with footage of him refusing to comment on his consummated (yuck!) relationship with former assistant director for product initiatives at Fannie Mae, Herb Moses.


HI Flower,

Interesting points, but none of it has to do with what Mr. Stewart (or whatever his name is) managed to get Mr. Cramer to ADMIT before God and everyone about how ordinary shareholders have been screwed not only by big market players but also by the financial media.

As someone who's periodically studied corporate corruption and securities fraud cases since Enron's fall, none of what happened in the interview was news to me. But most Americans likely don't make a hobby of those topics.

Anyway, if you own stocks or mutual funds, this should concern you -- unless, of course, you're one of the big market players who actually benefited from the shenanigans.

If you're that financially secure, I'm glad for you.


What is your point, Flower? Why are conservatives always pointing out that his name is Leibovitz? Who the hell cares what his real name is?

I don't imagine you're called Flowerplough really any more than I'm called Damozel. Are you trying to say that it matters in some way that he's Jewish or that Barney Frank is gay?

It might matter to you. It doesn't matter a bit to me.


Deb AND her Dam... the rapid response team. One says hi and the other seems to be screaming at me...

So Jewishness/gayness don't matter, check. Got it. Already knew that. I mean, the guy who christened Barack the "Magic Negro", David Ehrenstein, might well be both Jewish and gay. Barney's gay whorehouse apartment thing, that does bug me a little, I guess, but we does choose our own leaders, don't we? Guess I choose someone besides Mr. Big-Government-Gay-boyfriend-whorehouse-apartment/Gay-lover-working-for-Fannie-whilst-I'm-mandating-Affirmative-action-ARMs.

And thanks for being glad for me and my finances, Deb. I've always viewed stocks and mutual funds skeptically, even as I invested. Kinda like the old "Animal House" frat movie: "You f**ked up! You trusted us!"


I know how you feel, Flower. I feel the same way about Senator Vitter and Rush Limbaugh.

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