So CNBC is running this show called House of Cards...

[WCGreen]

All about the sub prime mortgage scams. They had Brian Williams on talking to one of the anchors today saying that they need to tell the bad news, that the people might not want to hear news that is less than peppy day after day but they felt it was their responsibility.

Now I have CNBC on a lot during the day. Up until about four or five years ago they were pretty responsible. The anchors weren't personalities as such and so they kind of blended in with the parade of guests, telling the news without so much commentary.

Then, somewhere about the time of the 2004 election, they started to get a little more right leaning. But they were also getting more and more pro business. They had this Angelo Mozila, the skanky owner of Countrywide Loans, on ALL the time, adding his "expertise" on the booming mortgage industry. They couldn't get enough of this guy. (BTW, they had him on all the way up to July of last year, right before the shit hit the fan.) Maria Barteloma (sp) started to jet around with high powered CEO's, she started becoming part of the news as well as reporting the news. CNBC was becoming a powerful pro business voice on the cable channels of America. And, less objective with there reporting.

Then Fox and Neil Cavuto, the one-time CNBC anchor who quit and went to Fox because he felt the channel was too "left" leaning, started up the Fox Business channel with all the marketing power of Fox News behind it. Suddenly, CNBC wasn't the only business channel on the cab;e block anymore.

Now I'm gonna pull a Jim Cramer moment, you know the sometime mouth foamer who is, in reality, one of the better voices left on the channel...

How dare they try to absolve themselves of their culpability in the Sub Prime Mess with these PISSY shows. They were out there singing the praises of this shit for years. YEARS. They know NOTHING about ANYTHING beyond the scrolling numbers on their ticker tape they constantly run. THEY ARE now Now NOw NOW kind of people who have the perspective of a lap dog. They think Long Term means later this afternoon, after the BELL. They know NOTHING about how the economy works outside of the canyons that wall WALL street into it's only little fortress.

CNBC is part of the problem.

And I will bet that they will never admit that they ramped up the excitement in order to build their ratings.

[burythehatchet]

1. You are good candidate to learn about CNBC's direct role in all this

google "deep capture"

[bosbdd2009]

2. CNBC = FOX Business Shows

CNBC is just as bad as all the FOX business shows. they both spent years telling everyone to buy more stocks, while denying there was a problem in the housing market, or anywhere. They are mostly right-wing idiots who pimp stocks, when someone dares to tell them there could be a problem, they make fun of them as a crazy liberal and say they dont have a clue what they are talking about.

If you watch CNBC or FOX business shows, Cavuto etc. and you believe one word any of them say, you need a check up from the neck up. They are all corporate liars, every single one of them.

[WCGreen]

4. CNBC has descended to the level of FOX...

They weren't always that ideological. It just started around 2003-04...

I still have it on during the day and I resent that you think I can't tell the difference between bull shit and real information, especially from what I wrote. I never watch Fox news or Fox business.

[KoKo]

3. CNBC is fun to watch...but know that it's "Shadow Govt." (Traders/Hedgies and the Rest)

that now run the place...actually have for a decade...

Mr. "Mad Money" and "Fast Money" are the best to see how "Shadow" works. Kudlow and the rest are the "Think Tank" operation that feed the Talking Points. The rest is entertainment and fluff...but with the GE/NBC/Universal AGENDA.

Total Corporate Propaganda. But, I still watch it... Good to see the "tricks" that are waiting to entice us gullible with our 401-K's and IRA's we've been forced into with promises of profits that end up in the Corporatists Profits.

[WCGreen]

5. Good point...

[CaliforniaPeggy]

6. They would never admit that they're part of the problem...

And to ramp up their ratings...

That makes me sick.

How irresponsible.