All that I dislike about CNBC was captured recently in an interview of Sheila Bair, the former head of the FDIC, by CNBC’s Michelle Caruso-Cabrera. When Bair would start to say something that Caruso-Cabrera didn’t like or didn’t want to hear, Caruso-Cabrera cut her off. This happened first when Bair tried to explain that JP Morgan Chase was too big to manage effectively and then when Caruso-Cabrera wanted to pin responsibility for the mortgage debacle on the borrowers, and Bair tried to say that often both borrowers and lenders were at fault.
Feed the Political AnimalDonate
Washington Monthly depends on donations from readers like you.