I've never enjoyed such a one-sided beating as I had this.

AKA: How to Get Lectured to By A Guy Who's Show is Followed by One with Talking Crap.

Seriously, Fuck CNBC.

The uncensored is well-worth watching.

I guess this is different than what Chet posted. I put this into the hopper last night, then saw Chet had posted something on the front page. Bla bla bla.

Even if Cramer's putting on a woe-is-little-old-me, shoulda-known-better face, this was a pretty merciless hatchet job by Jon Stewart who should be aiming much higher up.

Cramer and CNBC are basically disgraced, but if this doesn't incite a broad change at CNBC, then it's nothing more than Stewart slapping some sap around with his dick.

See, here's the thing. Cramer is, as Stewart attests, just the public face of this issue.

The management at CNBC doesn't give a shit, I don't think. You know that invisible market Stewart is on about? With fast money changing hands amongst back room managers and day traders and etc? THOSE ARE THE PEOPLE WHO WATCH CNBC. CNBC is essentially a tool of the manipulators, not a watchdog for the manipulated.

Nothing will change. Cramer will be more apologetic and subdued on his show for approximately a week, and then it's back to business as usual. No pun intended.

On the other hand, it was a nice public venting on Stewart's part, and it made a lot of people feel really good to see some representative of the current bullshit state of affairs get chewed out over it - but it isn't going to fix CNBC (or Fox Business, or Bloomberg).
Stewart lambasting the shit out of Crossfire may have gotten that show canceled, but it didn't do anything about the larger issue of CNN largely treating world news as secondary to a bunch of hypercephalic morons yelling at each other about partisan bullshit.

TL;DR - this was essentially masturbation - no real alteration of policy will come from it, but it sure feels good, man.

Cramer may just be the public face, but those clips where he says flat-out, "this is how you manipulate a stock, you can get away with this and it's fun," are not that old.

So he's as responsible as anyone else. And as much as they dance around it in the interview, his stock picks and his motives are questionable. Perhaps nothing will happen to make CNBC clean up. But at the very least a bunch of people got to see what Cramer is made of.

But let's net set up a false dichotomy. If CNBC needs to be called out, then someone doing it can only be a good thing. That they're not going to disintegrate overnight doesn't mean standing up for truth becomes worthless. Some things you have to be prepared to fight for your whole life.