A Shocking Moment

Don't want to harp on this Frost/Nixon thing, but I think we witnessed the financial sector equivalent of the landmark 1977 interview last night.

Check this video out, courtesy of Comedy Central. Skip to 5:30 for the start of the interview. I was shocked when watching this, and not because of Stewart's language or Cramer's embarrassing blank stares. I was shocked because we've never seen this John Stewart before. He was Russert-esque at a time when our country needed it most. Kudos to John Stewart:

http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220533

With print media struggling, TV and Online news sources will battle for market share. Many studies show that young people in particular prefer online news (probably because it is on-demand). But young people also like drama and online media just can't deliver the sort of drama we saw last night. The bottom line: I believe TV will become just as important a source of news consumption as it was in the 1960's.

But in the end, the fact is that this video will live forever online. The Internet serves as an archive for the ages. 20 years from now, financial classes around the world will watch this video when studying what fueled this fire.

-Aaron