Fast, Accurate, Actionable, Unbiased
OK first, credit where due. I downloaded the CNBC Real Time Ap. It’s truly excellent. Live prices, even after hours. Futures quotes at all hours. Very easy to navigate. And best of all, you don’t have to listen to any of them.
Like in this bit here. About 5 minutes in, Janet Tavakoli has the audaciity to suggest predatory lending played a part in the housing crisis or bubble or whatever you want to call it. Yes, some financial institutions fudged appraisals, made teaser loans they knew would never be paid, et. al. Things they’ve actually admitted to and paid restitution on.
But hey, you try saying that in front of the law firm of Kudlow, Francis and Santelli. To say she gets shouted down is an understatement. I don’t even necessarily agree with her take, I mean I’m not particulalry sympathetic to someone buying a house they can’t afford and then saying they didn’t understand the documents they signed. Unless there was fraud. Which did happen. Which is all she’s saying, I believe somewhere between yells in her face she says that “there’s plenty of blame to go around”.
Whatever the merits of the argument though (although believe it or not, Kudlow appears to just pull facts out of his a**) I’m wondering wtf is the value of business TV of this sort. It’s Geraldo from the late 80’s, if she was in studio she would have had a chair thrown at her face.
Here’s why I like Bloomberg. I don’t know thei politics of any of the hosts. I don’t at all CARE about the politics of any of the hosts. I’m not against trying to make it entertaining, but watching 3 hosts shout down a guest who has the temerity to not share their world view is just an utter embarrassment imho. I don’t even want to make this partisan, I wouldn’t watch Olberman shout down some right leaning guests either (though he’d go hoarse as a CNBC host).
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