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Bigger than Citigroup and BofA: The Ponzi scheme CNBC should be investigating…
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Monday, March 09, 2009
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From Michael Covel.com:

Would it surprise anyone that when Krakower asked me to hypothetically program 10 hours of airtime for CNBC that I said my programming would be nothing like the tips and fundamentals of [Jim] Cramer? I pretty much said all of that was bunk.

Clearly, I am not very good at playing the game and could immediately tell that my comment had just insulted the CNBC cash cow. We bounced around for 30 minutes and we never had a further conversation. It was quite an experience. What struck me the most was the manufacturing of the business news there. All that on air talent that looks overly excited every single minute they are on air is all a mirage. Once they walk off set (which you can see when you are there), they go back to their desks.

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