Monday, March 16, 2009

Liberal media watchdog begins anti-CNBC drive

http://www.breitbart.com/article.php?id=D96V7JR82&show_article=1

All the facts rather than personal opinion would be an excellent starting point
in deciding if the program you watch for your daily financial news is accurate or not. If your relying on a personality pitch for your financial advice rather than your own due diligence, then you can't actually bitch about being taken on a pump and dump. Kramer was a paid personality with imposed obligations to his parent company. He worked for a show not the news, there is a big difference.


Some critics are seizing on comedian Jon Stewart's attacks of CNBC to launch an online petition drive urging the network to be tougher on Wall Street leaders.
The liberal media watchdog Media Matters for America and some economists are behind the effort, launched Monday. They're asking CNBC to hire economic voices with a track record of being right about the current crisis and do more to hold business leaders accountable.


CNBC has been in the firing line since Stewart pointed out network personalities who, in retrospect, offered bad financial advice.

CNBC had no immediate comment. CNBC spokesman Brian Steel said last week that the network was proud of its record of offering diverse opinions on the economy.