Saturday, March 14, 2009

LAT takes on CNBC

LAT writer Matea Gold ridicules CNBC and "Mad Money" host Jim Cramer today over Cramer's appearance on Jon Stewart's "The Daily Show." The only thing interesting about Gold's piece is why she would write it and why the LAT would publish it.

Gold takes sides, saluting Stewart for disrespecting Cramer. Both are entertainers trying to raise their ratings. If Stewart got a boost at Cramer's expense good for Stewart, bad for Cramer. But neither is the good guy and the other bad.

But Gold also takes a swipe at CNBC. Apparently it covers Wall Street too well or too often or too fervently. Or she hates CNBC because she hates Wall Street. It makes you wonder about Matea Gold and the LAT.

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