Help Jim Cramer—Arcade Style

(NEWSER) - Jon Stewart’s takedown of Jim Cramer and CNBC is indicative of a real, if fleeting, sea change in our attitudes about the economy, Thomas Frank writes in the Wall Street Journal. “The applause Mr. Stewart has received for his j’accuse is the sound of the old order cracking.” But “clueless pundits often do get on top” and “stay there,” Frank writes, “despite all manner of rebukes handed down by history itself.” More»

(NEWSER) - Jim Cramer is once again on the defensive, as Jon Stewart seemingly can’t stop finding damning Mad Money clips, Gawker reports. Appearing on this morning's Today show, Cramer was subjected to a CNBC snippet that ran on the Daily Show last night, from January 2008, where the host literally asked his audience to buy Bear Stearns stocks. “Did I make a mistake?” he asks. More»

(NEWSER) - NBC CEO Jeff Zucker said today that Jon Stewart’s Daily Show attacks are “incredibly unfair to CNBC and the business media,” Broadcasting & Cable reports. “CNBC is a spectacular organization and in particular Jim Cramer,” Zucker continued. “What is going on now is absurd.” The media isn’t responsible for the financial crisis, he said, in the same way it’s not to blame for the Iraq war. More»

Even CEOs couldn't predict crisis, let alone analysts covering them

(NEWSER) - Jon Stewart’s pantsing of Jim Cramer was nothing but a “cheap shot,” writes Richard Cohen in the Washington Post. CNBC’s crew wasn’t covering up the impending crisis, and neither were the CEOs they interviewed. Many, including head honchos at AIG, Lehman Brothers, and Citigroup, lost fortunes investing in their companies. If they didn’t realize the stocks were doomed, “how was even Jim Cramer to know?” More»

They say he didn't defend the network strongly enough

(NEWSER) - It's been a tough week for Jim Cramer. After his public skewering from Jon Stewart, colleagues at CNBC are "furious" that he didn't put up a better fight, writes media critic Howard Kurtz of the Washington Post. Nobody goes on the record, but Kurtz says many are upset that Cramer didn't accuse Stewart of taking things out of context through the selective editing of clips. For his part, Cramer is telling colleagues he felt "blindsided." More»