Stewart vs. Cramer

The media was all abuzz Friday in the aftermath of the big square off between CNBC’s manic “Mad Money” Jim Cramer and Comedy Central’s Jon Stewart on “The Daily Show.”   By all accounts, Stewart held Cramer’s feet to the fire, lambasting the so-called financial expert for misleading investors.  Take a look at this article from Business Week; and here’s another good one from politico.com.

Clearly, the response is suggestive of just how successful Stewart was in channeling public frustration in the wake of the financial meltdown of the last few months.  Cramer himself appeared remarkably humbled (and guilty), as Stewart drove home the point time after time that the so-called financial guru was in bed with the very corporate interests which he was promoting on his show as sound investments — such as the likes of Wachovia and Bear Stearns, both of which have since gone bust.  And now millions of middle-class Americans (including many aging Baby Boomers) must come to grips with the fact that their retirement nest eggs are not what they once were.  As Stewart emphasized, for them “this is not a game”; their personal finances and their hopes for the future are teetering on the edge.        

If your curiosity about Jon Stewart is piqued in the wake of his takedown of the “Mad Money” man, you might want to check out his satirical America (the Book):  A Citizen’s Guide to Democracy Inaction.

We have a number of books by Cramer, including:  Confessions of a Street Addict; Jim Cramer’s Mad Money:  Watch TV, Get RichJim Cramer’s Real Money:  Sane Investing in an Insane World; and Jim Cramer’s Stay Mad for Life:  Get Rich, Stay Rich (Make Your Kids Even Richer).

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