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.
Showing posts with label faber. Show all posts
Showing posts with label faber. Show all posts
3/13/09
3/6/09
Hilarious Video: Jon Stewart takes down business news network CNBC
If you watch CNBC, you must watch how Jon Stewart takes the network down in this clip. It is hilarious.
2/22/09
Is CNBC's Rick Santelli out of his mind?
It was just last week that we praised CNBC's David Faber for his award-caliber "House of Cards" documentary. Now this.What to do when a business reporter goes off the deep end while on the air supposedly doing his serious job?
The Times ("CNBC Replays Its Reporter’s Tirade") sums up the Rick Santelli affair in a report that strikes an incredulous tone. Within the article it summarizes the nutty on air event (in case you missed it):
Mr. Santelli is normally a strait-laced newsman; he has reported live from the Chicago Board of Trade for 10 years. But in an appearance on the morning show “Squawk Box” on Thursday, he suggested a “Chicago Tea Party” to protest the administration’s housing plans.I'm not going to link to the video. It's embarrassing. Nor will I harp on the obvious "bad behavior" irony.
“The government is promoting bad behavior,” he said, and later implied comparisons to Cuba and asked the traders around them whether they wanted to pay their neighbors’ delinquent mortgages. When the traders started to boo, Mr. Santelli said, “President Obama, are you listening?”
Yes, Mr. Santelli, we were all listening and we now are waiting to hear your abject apology for your unprofessional actions.
2/12/09
Mortgage Crisis Explained by David Faber of CNBC in Brilliant "House of Cards"
No matter that you don't know a mortgaged backed security from a collateralized debt obligation. You know that the mortgage companies, the banks and Wall Street created a monster financial mess that is causing a ton of suffering.How did this happen? The basics of the mortgage crisis are all explained by David Faber of CNBC in his brilliant documentary, "House of Cards." [CNBC site page.]
We watched it tonight. Faber goes for interviews far and wide to tell the story with clarity and persistence. He speaks to the mayor of Narvik Norway, to former Fed Chairman Alan Greenspan, to contrarian investor Kyle Bass and to a whole lot of others, from financial scoundrels to ordinary hurting folk.
And guess what. Like a great professor, he translates complexity, teaches us what happened, when, where and how it happened and then he leaves it up to us to reflect on what needs to be done next.
TTB Rating: Must see! The best 2 hours you can invest in your economic education. And woven into a great story too.
Others agree, for instance Newsday rates the show GRADE A(+) in a full review, check it out.
Check out the Promo Preview Video or the Cramer Promo. Good work by all involved: An Emmy, Peabody, and Dupont award winner, David Faber is the anchor and co-producer of CNBC's acclaimed original documentaries as well as a contributor to CNBC's "Squawk on the Street." James Jacoby is writer and producer of CNBC's "House of Cards." Jill Landes is co-producer. James Segelstein is senior producer. Mitch Weitzner is the Executive Producer of CNBC's Long Form Unit. Jonathan Wald is the Senior Vice President, Business News at CNBC.
SHOW TIMES
Saturday, February 14th 7p | 10p ET
Sunday, February 15th 9p ET
Monday, February 16th 8p | 12a ET
Sunday, March 1st Midnight ET
Sunday, March 15th 9p ET
Sunday, February 15th 9p ET
Monday, February 16th 8p | 12a ET
Sunday, March 1st Midnight ET
Sunday, March 15th 9p ET
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