On Wednesday, The Daily Show presented a “brutal takedown” of the CNBC network for providing false and uniformed assurances to investors about the health of the stock market. “If I had only followed CNBC’s advice, I’d have a million dollars today,” Stewart said, “provided I’d started with $100 million.” (Watch the clip.) The financial network has thus far decided not to issue any response to Stewart, hoping the issue will soon blow over. The AP reports, CNBC spokesman Brian Steel “said neither the network’s executives nor [analyst Rick] Santelli would comment on Stewart’s broadcast.” Last night on David Letterman’s show, Stewart added more fuel to the fire, offering additional criticism of CNBC and the other financial networks. Watch it:
CNBC responds with silence to Jon Stewart’s damning portrayal of the network.