The attached interview with Jim Cramer proves once again that he really should have prepped for that interview with John Stewart of The Daily Show. I suspect now after reading his initial comments about it along with this piece that his own hubris is to blame for properly preparing for it.
This quote is the most telling:
“It was a complete and utter ambush,” Cramer said in an interview with The Lantern. “He told my staff that it was going to be fun, convivial, no clips, but [it] doesn’t matter, he’s a comedian, he can do whatever he wants.”
[snip]
“Was it a fair fight? No, it wasn’t even a fight. I came on with the idea of taking a high road approach and discussing the issues, obviously [Stewart] came on strictly to try to humiliate me,” Cramer said. “It was brutal. Was he stand-up? Absolutely not. Did he comport himself as a gentleman? Hardly. It was a deposition; he wants to be a prosecutor.”
“He had an animus toward me. At the conclusion of the interview, not on the mic, he said, ‘I picked the wrong guy, I’m sorry,’ but that’s not gonna get out there,” Cramer said. “He just said it to me as just a throwaway. His goal was just to humiliate and destroy me and probably get me fired, and last I looked, I still have a show.” [emphasis mine]
If Cramer’s comments are to be believed and he wasn’t misquoted, then he missed the entire point of the exchange between himself and Stewart. Stewart’s point was certainly to point out Cramer’s role in propping up a decaying and collapsing market system, but it was CNBC and other financial media stalwarts that played a key role in not informing the public of what was occuring. In other words, it wasn’t a personal attack, as Cramer would lead the reader to believe, but rather a sharp rebuke to what Stewart was seeing everyday on his TV.
One need only have watched The Daily Show a week prior to see clip after clip of CNBC hosts prattling on on how strong the market was as everything was coming down around them. It was an embarrassing montage of incompetance that should have forced the network to sharply redefine what role they played in the whole debacle and make an accounting to the viewers. However, call me cynical, but I don’t see that as a possiblilty or even a probablilty.
Sadly, it has fallen to the jesters in our society to point these things out as the bulk of the mainstream media outlets have failed to do so.
Gawker – Fatuous Money Clown Won’t Shut Up About Jon Stewart – Jon Stewart.