CNBC has bigger problems than Cramer

James Rainey of the Los Angeles Times proposes that CNBC changes what it airs after checking his 401(k) and noting that he was down about 10 percent because he put most of his money last year into money market accounts.

Rainey writes, “Genius. That financial disclosure makes me feel so good, I’m convinced it would be equally therapeutic (invigorating, even) for the big guns of business news — CNBC’s Larry Kudlow and Cramer, the bald-headed, arm-flailing afternoon stock tout — to do the same.

“I see CNBC running a bar graph with a composite of Kudlow and Cramer’s portfolios (no dollar amounts necessary) right alongside a graph tracking a broad stock index. If the TV touts fall more than 10% behind? We vote them right off the CNBC island. Then there’d be more room for me and my timeless, slightly cowardly style of money management.

“I see this as a relatively painless alternative for Cramer, who took a series of body blows this week from Jon Stewart’s ‘Daily Show.’ I almost felt sorry for the gong-smashing Cramer, a onetime hedge fund manager.”

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