Wednesday, March 25, 2009

Another Poignant Economic Guest Post By Chuck Bergman

To Whom: Jon Stewart has apparently been unable to make CNBC see what you have become....shills for anyone looking to make a quick buck. I understand that you have 17 live hours to fill, but everyday you place before the public snake-oil salespeople in perfect suits and ties. Fortunately most people no longer take your station, your hosts, or many of your guests seriously.

One of today's 'experts' was someone, working somewhere, who clearly was a short player in the financials. The discussion by him and with one of your hosts was about which major would be torn apart and when, and he guaranteed that by market close all the financials would be lower. I'm assuming he got his mid-day swoon enough to make a nice day trade, but where is CNBC's responsibility in letting this joker broadcast his personal desires under the guise of analysis? At least have the decency to have him right back on after the close to face up to his errors.

But you did that for a period of time....had a guest on and replayed some of their earlier speculations. I'm assuming that stopped because your guest list shrank rapidly...17 hoursto fill is 17 hours after all. I'll be watching the opinionated FOX....at least they're honest about their stance.

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