Below is a Letter to the Editor (Los Angeles Times):As funny as the confrontation between Jon Stewart of "The Daily Show" and Jim Cramer of "Mad Money" was -- and it was a killer -- the tragedy is that it took a comedian to make it happen.
The real issue isn't that CNBC's "financial experts" missed the biggest economic tsunami in 75 years. It is the lack of oversight that the incident pointed out. Most people still feel that if something is on television, it is probably true -- that someone must be screening it to protect the public.
That is not the case. Corporate-owned CNBC's only real goal is to garner high ratings so it can make more money. It allows its "experts" to say anything they please, as long as it won't get them sued.
What Stewart really pointed out is that it's time to rein these guys in.
Bart Braverman
Los Angeles
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