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CNBC's Jim Cramer takes his lumps on 'The Daily Show'

March 13th, 2009 12:00 am by Staff Report

According to USA Today, there were laughs, but in the larger sense there was nothing funny about CNBC stock picker Jim Cramer's widely anticipated appearance on Comedy Central's The Daily Show with Jon Stewart Thursday night.

In response to aggressive questioning by Stewart, Cramer said that he was "chastised" and wished that the financial news network had done more to expose Wall Street corruption.

Stewart repeatedly blasted the channel for cheerleading Wall Street in the run-up to the worst economic downturn since the Great Depression. He questioned whether it was "selling snake oil as vitamin tonic" in a way that was "disingenuous at best and criminal at worse."

"Absolutely, we could do better," Cramer said. "There are shenanigans, and we should call them out. Everyone should. I should do a better job at it. I'm trying."


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