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Something Fishy

author: Indy March 31, 2009

As I go through my daily news tonight, I was reading a few of the articles that I get from my RSS feeds and I just randomly started putting pieces of a puzzle together...it's weird how your mind works like that sometimes when you don't even expect it to. Anyways, there are a few things that happened in the last few weeks that may or may not have caught your attention:

  • Cramer vs. Stewert - If you didn't see this, you absolutely have to see this. He's like the our version of Howard Beale - reference Network, 1976. This is uncensored and definitely not work safe but Stewart ripping into CNBC for playing out the general public...but basically not only CNBC but most if not all of the financial news sites as well "just play the game."
  • Story of Dylan Ratigan - He used to be one of the most outspoken hosts on Fast Money on CNBC and decided to leave since he was restricted and being unable to speak against the Wall St. vampires. You can check out the link for the entire story but he was one of the only people on CNBC that actually spoke out against Wall St. After reading the story, it totally makes sense because well let's face it, CNBC doesn't really care about the average retail investor nor does it want to make checking the factual evidence of the people it interviews either. This is clear evidence that they are only working for the Wall St. banks and unfortunately the retail investor is left out to dry...
  • Krugman blames WSJ - If you know about Paul Krugman he's one of the leading economists in the country and a Professor at Princeton University and also has won the Nobel Prize for his work in international trade. Anyways, he has a blog on the New York Times and posts some pretty interesting stuff. This blog post basically described how not only CNBC but also WSJ uses their massive media influence to have the flow of money in their favor. It's funny how they have always been wrong when it comes to pushing the Dow to ever increasing levels.
Well, that's basically it but if you put the pieces of this little complex puzzle together, it seems like something fishy is up...first of all, you have Jon Stewert ripping CNBC a new one and then Ratigan leaves Fast Money because he can't go after these guys on Wall Street. It's ironic because all of these so called shows and articles that are designed to help make us money probably support the networks themselves...Even Cramer himself said he was lied to by Fuld, the CEO of Lehman. Correct me if I'm mistaken but I thought generally before all interviews, the questions are given and so are the answers and in a truthful manner or at least scrutinized before the interviewer is even allowed on the show. Who knows anymore. I've never really trusted the "analysts" of any of these banks and take their buy or sell recommendation because in the end they might be doing the exact opposite thing. Especially when it comes to news or any thing you believe in, you always have to question it...

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