We all heard about the anti-Obama rant offered up on CNBC the other day by commentator Rick Santelli.
It was the administration's plan to prop up some failed mortgage holders - - "losers," according to the infuriated Santelli - - that helped push down stock prices that day and kicked off mainstream media discussion about whether the government should be bailing out individual homeowners, and not merely the banks and insurers who helped sell those homeowners toxic financial instruments.
When Santelli bailed out on his scheduled "Daily Show" appearance - - host Jon Stewart and his researchers put together a savage, satirical-but-accurate documentary segment on CNBC's record of failed and fawning financial news coverage.
In case you missed it, here's the link.
No comments:
Post a Comment