The one person both Cramer and Stewart excluded from their criticism and agreed to praise by name was my friend and master documentary maker for CNBC, David Faber.
Now to the main event. The media world agrees 100% that Stewart bested Cramer and that it was not a funny 12 minutes. Jon Stewart has a stinging serious side that underlies the essence of his comedy. In fact, calling what Steward does four nights a week comedy is misleading. It is usually biting satire with a purpose and often hysterical in its presentation.
Just a footnote to the whole CNBC debate. True, in the financial firms that I am familiar with, overhead monitors broadcast CNBC to the firm throughout the day. But note well, the volume is muted. The main purpose CNBC serves in this context is to provide stock ticker information. In this model, the conversation among the correspondents is background chatter of little consequence.
Following this line of reasoning, it well may be that Jon Stewart has used CNBC and Kramer as straw men. And the real culprits lie elsewhere unscathed by this latest skirmish over financial wrongdoings.