Tilting at Windmills
July/August 2012
Not tough, just obnoxious
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.