“Just as it takes a village to raise a child, according to the old African proverb, sometimes it takes a comedian to let the emperors of Wall Street journalism know when their clothes are falling apart,” columnist Clarence Page wrote about Jon Stewart’s smackdown of CNBC “Mad Money” host Jim Cramer. But columnist Richard Cohen contends that assigning that much blame to Cramer or other financial journalists is misplaced. “They do not have subpoena power,” he wrote. “They cannot barge into AIG and demand to see the books, and even if they could, they would not have known what they were looking at. The financial instruments that Wall Street firms were both peddling and buying are the functional equivalent of particle physics. To this day, no one knows their true worth.”
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