Results tagged “cnbc”

After days of building (1, 2, 3), last night was the much-anticipated meeting between The Daily Show's Jon Stewart and CNBC's Jim Cramer. Cramer was well-behaved and contrite—granted, he was on Stewart's home turf—but Stewart did an excellent job of questioning Cramer's and CNBC's role as "financial experts" and wondering why CNBC can't do more investigative reporting, instead of cheerleading.

After Jon Stewart skewered CNBC's Jim Cramer on Monday night's Daily Show, Cramer had to defend himself—and levy some barbs at Stewart—on the Today Show as well as MSNBC's Morning Joe yesterday. Naturally, that gave Stewart and the Daily Show writing and video research staff yet another opportunity to go after Cramer as well as various NBC sister networks last night:

Forget Fox Business as CNBC's bête noire—CNBC is now up against an offensive from The Daily Show. Last night, Jon Stewart addressed the interest in last week's Daily Show takedown of CNBC and CNBC personality Rick Santelli. It was suspected that Stewart's rant (and accompanying video) was because Santelli had bailed on appearing on the show, but Stewart explained it was planned for Santelli to cause him "le discomfort." And Stewart got to have some fun with that other shouty CNBC guy, Jim Cramer.

Buffett also thinks that the GOP should back President Obama's efforts to help the economy and tried to put it in an war-framework, "They really do have an obligation to support things that are clearly designed to fight the war in a big way...I think that the Republicans have an obligation to recognize this as an economic war and realize you need one leader." However, Buffett also acknowledged, “You can’t expect people to unite behind you if you’re trying to jam a bunch of things down their throat." Last year, Buffett likened the economic crisis to Pearl Harbor—and that was only in September!

If there's one thing late night talk shows love to rip apart more than self-righteous hypocrisy, it's guests who cancel on them at the last minute and give them an excuse to take off the gloves and do it. Last night just that went down on The Daily Show when CNBC's Rick Santelli backed out his scheduled appearance on the show and prompted Jon Stewart to spend the first eight minutes of the show tearing CNBC to shreds.

AIG, the troubled insurer that the Feds bailed out to the tune of $85 billion in September, was accused by Rep. Elijah Cummings (D-Maryland) of "stonewalling" Congress when AIG said it couldn't come to D.C. for a meeting to discuss executive pay last week. Now AIG CEO Edward Liddy tells CNBC that Cummings didn't give him enough time to prepare, "I got a letter on Tuesday asking for more information. We simply couldn't provide the information in time for a meeting on Thursday." Liddy, who said AIG has been "very transparent," also said that retention bonuses were important for keeping employees, "If we don't do that, we will not be able to pay back the federal government." Related: The AP tallies how many private jets are owned by financial firms that received bailout money, noting that while automakers are getting nailed for private jetting, Wall Street firms still are (AIG has 7 private jets).