"In Cramer we still Trust"
Sunday, March 22, 2009 at 11:42PM
Did you really think I was done with Stewart-Cramer?
Brian Stelter, the excellent media reporter for the New York Times, has a piece on CNBC not backing off it's "In Cramer We Trust" commercials that Stewart so brilliantly lampooned in his showdown with Cramer.
I suppose CNBC had little choice. If they pulled the spots out of rotation, it would be viewed by many as an admission of culpability. So they're sticking with it, even though Cramer's personal brand has been irreparably damaged.
I actually agree with NBC President Jeff Zucker's quote in the story -- "to suggest that the business media or CNBC was responsible for what is going on now is absurd" -- which makes Cramer's performance that night all the more baffling. I still can't figure out why he didn't even attempt to defend himself or CNBC.
Nick Ragone |
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