For those that haven't been following it, Jon Stewart originally called out CNBC as a whole regarding their unfair reporting and advertising, stating they claimed and advertised to be providing sound financial advice while knowing that the advice they provided wasn't the full story and in some cases was blatantly wrong. Obviously when making predictions you can't be right 100% of the time, but his issue was with how the information was presented and how some facts were knowingly misconstrued. There's plenty of back-and-forth that went on and NBC, not just CNBC, started framing it as Jon calling out Jim Cramer and his show Mad Money specifically, though Jon had been talking about CNBC as a whole.

Jon decided to run with this "Cramer vs. Stewart" even though it wasn't the original direction he was going, and finally it came to a head earlier this week when he announced Jim Cramer would actually be on. I figured it would be a softball interview where they both agreed the whole thing was blown out of proportion and not much would come out of it. But I was surprised to find it was quite the opposite. Jon used it as an opportunity to get Jim to admit that their reporting was incomplete and disingenuous to viewers, and that they should be doing a better job of investigative reporting rather than pandering to Wall Street insiders trying to get rich in the short term while harming long-term investors.

The best part was he got Jim to agree that he should go back to reporting on the fundamaentals of the economy and to investigate and report on all the facts. They split the interview into 3 parts, all embedded below:

Jim Cramer Pt. 1



Jim Cramer Pt. 2



Jim Cramer Pt. 3


I like this better than Jon's infamous Crossfire appearance because it seemed like Jim Cramer genuinely realized what he was doing was wrong and why it is harmful, and he pledged (on behalf of CNBC) to do a better job.