13 March 2009

Glenn Greenwald: There's Nothing Unique About Jim Cramer

Jon Stewart is being widely celebrated today and Jim Cramer/CNBC widely mocked -- both rightfully so -- for Stewart's devastatingly adversarial interview of Cramer (who, just by the way, is a Marty Peretz creation). If you haven't yet seen the interview, you can and should watch it here; if you watch only one segment, watch the middle one and the beginning of the third.

Stewart focuses on the role Cramer and CNBC played in mindlessly disseminating and uncritically amplifying the false claims from the CEOs and banks which spawned the financial crisis with their blatantly untoward and often illegal practices.

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