yea, especially that one blowhard with the rolled up sleeves. That's always my problem with these jackasses- they're spewing confidence with other people's money over things they cannot know.
Exactly, I remember one person saying about Cramer, "I wish just once when someone called in about a stock or a question he'd say I don't know."
Still the gall of that guy Santelli calling home owners losers and painting them all with the same brush when CNBC, the financial network, missed the whole credit cris story themselves bc they were too busy sucking off the CEOs and fraudulent fund managers...
Its totally depressing and infuriating. The financial press aided and abetted the bubble instead of, you know, acting like journalists and asking tough questions andd just not taking a CEO's word as truth.
Like the hype build up to the Iraq war, the press failed us once again.
I'm not sure you have enough journalists with the know-how to pop the story- boards didn't understand what was going on, and CEO's seemingly were too short-sighted or ignorant of what their 30-year old wunderkids were up to- regulatory agencies are either incompetent or in bed with the devil, hoping for jobs in the future- if you ain't gonna pay journalists real money in the print industry, who's going to break that story? A few lone voices in the wilderness against all that system?
Everybody wants somebody to blame, but there is so much to go around. Still, a couple of show trials might salve the public need for meat.
journalists complain way too much about their own ignorance, or used to anyway. they sit at their desks and wait to get spoon fed facts and stories and refuse to go out, investigate, learn, and report.
remember that real rich dude who ran for gov against gray davis? me either, but he was rich, and 'journalists' were upset that he wouldn't disclose his tax returns. then he did, and 'journalists' complained the documentation was too complicated to translate, and that they didn't have the know-how to comprehend the details.
whiners, the lot of them. except for tom friedman, who knows all about what iraqis want and what the environment needs.
jon stewart, bah. do people really make financial decisions based on what the TV says?
Yes, many journalists are too lazy or dumb to figure out complicated issues like the credit crisis. But some can do it. And more importantly, the infotainment news outlets arent interested in reporting these stories. CNBC is fucking joke as is the WSJ 1/2 the time.
Regarding Friedman...the 40% of time his columns dont contain the phrases.."If you love Israel like I do..." or "when I was at a conference last week in Davos..." or "my Harvard educated Lebanese friends think that peace really is possible..." When he's not writing those articles, he's actually pretty good. Its just that 60% of columns arent written for me.
And yeah people do make investment decisions based upon the TV. Shocking but true. At a minimum faux journalists create a platform for other CEOs to pump their shitty company's stock without ever answering a tough question or being investigated. Maria Beltromo has been blowing Citi, Merrill management for years on their corporate jets.
9 comments:
Jon Stewart is a friggin GENIUS!
yea, especially that one blowhard with the rolled up sleeves. That's always my problem with these jackasses- they're spewing confidence with other people's money over things they cannot know.
Exactly, I remember one person saying about Cramer, "I wish just once when someone called in about a stock or a question he'd say I don't know."
Still the gall of that guy Santelli calling home owners losers and painting them all with the same brush when CNBC, the financial network, missed the whole credit cris story themselves bc they were too busy sucking off the CEOs and fraudulent fund managers...
Its totally depressing and infuriating. The financial press aided and abetted the bubble instead of, you know, acting like journalists and asking tough questions andd just not taking a CEO's word as truth.
Like the hype build up to the Iraq war, the press failed us once again.
I'm not sure you have enough journalists with the know-how to pop the story- boards didn't understand what was going on, and CEO's seemingly were too short-sighted or ignorant of what their 30-year old wunderkids were up to- regulatory agencies are either incompetent or in bed with the devil, hoping for jobs in the future- if you ain't gonna pay journalists real money in the print industry, who's going to break that story? A few lone voices in the wilderness against all that system?
Everybody wants somebody to blame, but there is so much to go around. Still, a couple of show trials might salve the public need for meat.
journalists complain way too much about their own ignorance, or used to anyway. they sit at their desks and wait to get spoon fed facts and stories and refuse to go out, investigate, learn, and report.
remember that real rich dude who ran for gov against gray davis? me either, but he was rich, and 'journalists' were upset that he wouldn't disclose his tax returns. then he did, and 'journalists' complained the documentation was too complicated to translate, and that they didn't have the know-how to comprehend the details.
whiners, the lot of them. except for tom friedman, who knows all about what iraqis want and what the environment needs.
jon stewart, bah. do people really make financial decisions based on what the TV says?
well that clarifies everything, clearly.
And duly noted.
sir.
good.
and every time a banker commits suicide, an angel gets its wings...
what an ugly lit pit you've dug
Im confused by all of the anonymouses.
Yes, many journalists are too lazy or dumb to figure out complicated issues like the credit crisis. But some can do it. And more importantly, the infotainment news outlets arent interested in reporting these stories. CNBC is fucking joke as is the WSJ 1/2 the time.
Regarding Friedman...the 40% of time his columns dont contain the phrases.."If you love Israel like I do..." or "when I was at a conference last week in Davos..." or "my Harvard educated Lebanese friends think that peace really is possible..." When he's not writing those articles, he's actually pretty good. Its just that 60% of columns arent written for me.
And yeah people do make investment decisions based upon the TV. Shocking but true. At a minimum faux journalists create a platform for other CEOs to pump their shitty company's stock without ever answering a tough question or being investigated. Maria Beltromo has been blowing Citi, Merrill management for years on their corporate jets.
Ray Ratto knew all of this was coming.
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