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« Q&A With Dylan Ratigan @ Wall Street Cheat Sheet | Main | Dead Presidents Vs. Abacus: Comparing the Morgan and Goldman CDO Cases »

Jon Stewart Vs. Larry Leibowitz: Brother Of Daily Show Host Is President Of The NYSE

This explains why I've said in the past, that Stewart is the best financial journalist on the box.  Maybe Brother Larry helped with this Jim Cramer ambush.

You can see Larry being interviewed in this clip from 60 minutes:


From the WSJ

Yesterday’s brief market crash is perfect fodder for the “Daily Show. ”

You can already picture the video montage: Talking heads going bonkers as the Dow drops nearly 1,000 points. Faux-video of retirees sobbing in the streets, as their nest eggs vaporize. Then the implacable Stewart, sarcastically skewering the people who are supposed to keep the financial system running smoothly.

“Hey honey, did you know that Jon Stewart’s brother is a big shot Wall Street executive?”

Of course one of those people happens to be Stewart’s own brother, a person at the very heart of the mysterious “Flash Crash” that shook markets Thursday.

Stewart’s older brother, Larry Leibowitz, is the chief operating officer at the New York Stock Exchange and an expert in electronic-trading systems.

NYSE officials have been taking heat today because of their decision to slow down trading in exceptionally volatile stocks on Thursday afternoon.

Critics say the NYSE’s circuit breakers may have exacerbated the panic because they sent the signal to an already jumpy market that there were problems with the stocks. NYSE CEO Duncan Niederauer said this morning in a CNBC interview that slowing down the process and moving certain trades to a human auction helped stem the selloff.

If we were in Stewart’s shoes, we’d ask big brother some of those trademark, Daily Show “Let me get this straight” questions:

“In today’s modern era of super computers, how is it that one lone trader punching in the wrong numbers could threaten to bring down the entire system?”

Or how about: “Is it really a good idea to have machines trading so furiously that at some point they get out of control?”

We left a message with the Daily Show to see if an interview between the brothers is in the offing. A spokesman emailed back and declined to comment. It seems unlikely, though. There’s no mention of Leibowitz on the Daily Show website’s list of upcoming guests.

When a Reuters reporter asked Leibowitz in March whether he ever considered going on his brother’s show: “I probably wouldn’t make a very good guest,” he said. “I have tried to fly under the radar.”

Not today, he won’t.



Funny clip:



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Reader Comments (8)

That makes me feel dirty all over.
May 13, 2010 at 8:50 PM | Unregistered CommenterZarathustra

Dow will fall to 5,000 by end of the year.
May 13, 2010 at 10:09 PM | Unregistered CommenterZarathustra
Lt. Col. Lakin Court Martial Hearing Set for June, 11, 2010, Open to the Public!

The Obama records which have not been released include; Passport records, Obama kindergarten records, Punahou School records, Occidental College records, Columbia University records, Columbia thesis, Harvard Law School records, Harvard Law Review articles, University of Chicago scholarly articles, Illinois State Bar Association records, Illinois State Senate records/schedules(said to be lost), Medical records, Obama/Dunham marriage license, Obama/Dunham divorce documents, Soetoro/Dunham marriage license, Adoption records and of course the long-form Certificate of Live Birth.

How little we know about Barry Soetoro...what is wrong with this country?
May 14, 2010 at 1:13 AM | Unregistered CommenterZarathustra
"How little we know about Barry Soetoro...what is wrong with this country? "

While we are only 6% of the Earths population, Our "friends and neighbors" consume over 60% of the world supply of anti depressants and pain killers.
May 14, 2010 at 5:13 AM | Unregistered CommenterS. Gompers
Jon is the my man and a hero for exposing that criminal scumbag Cramer. Cramer is a thief, crook, and a liar. That crook should be in jail.
May 14, 2010 at 11:48 AM | Unregistered CommenterSell Short
"Cramer is a thief, crook, and a liar. That crook should be in jail." Have you possibly ever considered that sitting on your @$$ watching TV and taking financial advice from someone on TV may not be the best way to invest? I'm also guessing that since you were commenting about an article about Jon Stewart that you make watching TV a large part of your day. You are EXACTLY what makes America great for the rest of us. While you sit around feeling sorry for yourself, watching TV, believing everything that the TV tells you, your fellow Americans who read, research and know what is really going on somehow find ways to make it through. Guess what? Jon Stewart isn't having alot of financial issues at the moment; I'm guessing that is due to him not believing any of the crap he spews out daily. Keeping pumping money to him moron!!! Read a book or two in your spare time also and you may start to learn something.
Dec 17, 2010 at 9:33 PM | Unregistered CommenterIgnorance is bliss
Zarathustra -- WTF?? What does your paramoid conspiracy rant have to do with the subject? Get a life.
Sep 10, 2011 at 3:15 PM | Unregistered CommenterL.Parry
John Stewart's brother is Larry Leibowitz, COO of the New York Stock exchange!




Stop insider propaganda! Demand John Stewart address this crippling conflict of interest!
Oct 4, 2012 at 6:42 PM | Unregistered Commentermorgan ab blank

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