This story first appeared in TheNation.com
The headline that topped the Drudge Report Tuesday morning had frightening news for its millions of readers: yet another credit ratings agency downgraded America’s debt, this time to “C”—at or near “junk” status in the letter-rating scales used by the big three ratings agencies, Standard & Poor’s, Moody’s and Fitch. Clicking on the link takes the reader to a CNBC article [1] headlined, “US Debt Rating Should Be ‘C’: Independent Agency.” (more…)
This afternoon, groups of angry conservatives will gather on street corners and in parks across the country to protest. They will carry signs and deliver speeches expressing outrage over the Democrats’ stimulus bill, over entitlements, over budget pork, over taxes….
Thanks to the slam dunk investigative piece by your humble correspondents, Rick Santelli was forced to cancel his appearance on the Daily Show last night, leading to this massively-blogged segment ripping Santelli and CNBC a gigantic bleeding asshole. If words…
CNBC’s Jim Cramer has positioned himself as yet another champion of the people against the evil government. A couple of days ago, the method-actor/ CNBC host of “Mad Money” stirred up a hullabaloo when he pretended to be angry and…
Our article last Friday exposing the familiar old rightwing corporate machine behind the fake “tea party” protests, and Rick Santelli’s highly questionable role as the one-man MC for the protests’ launch event, wound up crashing the tea party’s mojo, and…
This article first appeared on Playboy.com Chris Matthews: “You’re up there with Rush Limbaugh and Sean Hannity… It’s quite a team.” Rick Santelli (smiling and nodding): “It is quite a team!” Hardball, MSNBC, Feb 20, 2009 Last week, CNBC correspondent…
There aren’t a huge number of constants in the world of finance. First of all, that word, finance, includes a guy sitting in a cube cold-calling retirees while he’s working at Fidelity. It also includes Larry Fink, the CEO of…
