Again, how many fortunes were saved when the talking heads of CNBC sounded the warning of the imminent economic crisis in the months and weeks leading up to the tailspin of 2008? These guys and gals were all front and center chanting "Danger Will Robinson!!!" ... right?
Folks, all of these convincing, well spoken, seemingly sincere and honest individuals on CNBC are just carnival barkers working to get the nickles out of the rubes pockets before allowing them into the sideshow to glance at the Investment equivalent of the painted lady or puppy with two heads. Oh, they will all argue that money was made in the market in the last decade and that they helped a lot of people do well with their fancy schmancy online trade software. Meh. Of course money was being made ... in an unregulated Ponzi scheme powered through the kiting of worthless securities money will definitely be made, especially when government officials are providing cover for the floating crap game that Wall Street devolved into. But every con runs its course, and the Friedman, Rand, Reagan, Greenspan, Rubin, Gramm fiscal fantasy has nuked the proverbial fridge. Thirty year run, but now it's done.
I appreciate Raynes gave the CNBC clowns the treatment they deserved, unfortunately it won't put any money back into their viewers or the taxpayer's pockets.
Read the Article at HuffingtonPost
No comments:
Post a Comment