Jon Stewart’s criticism of US financial TV networks

Posted: Saturday, 7th March 2009 at 5:07pm by Paul

David Letterman welcomed The Daily Show host Jon Stewart to the Late Show on Thursday night.

Jon Stewart criticized US financial TV networks saying “there are three 24-hour financial networks… all their slogans are like ‘we know what’s going on on Wall Street’ but then you turn it on during the crisis and they’re like ‘we don’t know what’s going on’”.

This continues on from CNBC’s Rick Santelli pulling out of his appearance on The Daily Show With Jon Stewart earlier this week.

This resulted in Jon doing a piece on The Daily Show panning CNBC saying how wrong it has been in reporting the economic crisis.

As the Entertainment Weekly website says, Santelli “is the CNBC reporter who became an online celebrity after an on-air rant where he castigated the Obama Administration’s housing plan for bailing out ‘losers’ who couldn’t manage their mortgages” but that “CNBC has explained [Santelli pulling out of his appearance on The Daily Show] by saying it’s ‘just time to move on to the next story’”.

Entertainment Weekly – “Jon Stewart takes another swipe at CNBC on ‘Letterman’”

Part 1 of Jon Stewart’s appearance on the Late Show With David Letterman;

Part 2 of Jon Stewart’s appearance on the Late Show With David Letterman;

“CNBC Gives Financial Advice” piece on The Daily Show With Jon Stewart;

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