Keith Olbermann wishes he were this generation’s Murrow. This generation’s Beale. But he’s not.

Jon 1, the Whoring Financial Media 0

A fascinating thing is occurring on television right now. In the midst of the Second Great Depression, Jon Stewart has been absolutely dismantling the Financial Punditocracy. Tonight featured an extended interview between Stewart and newfound rival Jim Cramer of “Mad Money.” You should just go watch it here.

I really do think Jon ought to get Pulitzer consideration for his takedown of CNBC over the last two weeks. What you’re seeing play out on the airwaves of basic cable and the Internet is the sudden and furious dissolution of an entire paradigm of financial “wisdom.” Stewart and his writers do a great job of boiling down the economic collapse to its essential elements without disregarding the complexity of the situation. Plus, it’s painfully funny.