A few weeks before investment bank Bear Stearns went under in March 2008 the first major quake of the financial-system calamity TV personality and former hedge-fund manager Jim Cramer touted the firm's stock on CNBC. A year later, that clip made it onto the comedic newscast The Daily Show in a montage of painfully bad calls made by Cramer and his financial-network colleagues. "F*** you," Daily Show host Jon Stewart said at the end of one segment, punctuating his disgust with a financial network that he said holds itself out as a knowing guide for investors but often veers in the direction of entertainment. Cramer took major umbrage; when asked on the Today show about the quality of his financial advice, Cramer grew shrill. "A comedian's attacking me!" he said. "Wow! He runs a variety show!" As the back-and-forth escalated and more CNBC clips made their way into a repeated skewering on The Daily Show, Cramer finally sat down for an interview with Stewart on March 12. "We're a big network and we've made mistakes," Cramer admitted. "We've got 17 hours of live TV a day to do."
The Top 10 Everything of 2009
- Top 10 Albums
- Top 10 Animal Stories
- Top 10 Apologies
- Top 10 Art Exhibitions
- Top 10 Awkward Moments
- Top 10 Best Business Deals
- Top 10 Breakups
- Top 10 Buzzwords
- Top 10 Children's Books
- Top 10 Crime Stories
- Top 10 Editorial Cartoons
- Top 10 Facebook Stories
- Top 10 Fashion Faux Pas
- Top 10 Fashion Moments
- Top 10 Feuds
- Top 10 Fiction Books
- Top 10 Fleeting Celebrities
- Top 10 Gadgets
- Top 10 Green Ideas
- Top 10 Heroes
- Top 10 iPhone Apps
- Top 10 Late-Night Jokes
- Top 10 Magazine Covers
- Top 10 Medical Breakthroughs
- Top 10 Movie Performances
- Top 10 Movies
- Top 10 New Species
- Top 10 News Stories
- Top 10 Nonfiction Books
- Top 10 Oddball News Stories
- Top 10 Pariahs
- Top 10 Pictures of the Year
- Top 10 Plays and Musicals
- Top 10 Political Gaffes
- Top 10 Quotes
- Top 10 Religion Stories
- Top 10 Scandals
- Top 10 Scientific Discoveries
- Top 10 Songs
- Top 10 Sports Moments
- Top 10 T-Shirt-Worthy Slogans
- Top 10 TV Ads
- Top 10 TV Episodes
- Top 10 TV Series
- Top 10 Tweets
- Top 10 Underreported Stories
- Top 10 Untruths
- Top 10 Video Games
- Top 10 Viral Videos
- Top 10 Worst Biz Deals
TIME charts the highs and lows of the past year in 50 wide-ranging lists