Blog Flux Directory Subscribe in NewsGator Online Subscribe with Bloglines Blog directory
And, yes, I DO take it personally: Dylan Ratigan (formerly) of CNBC's Fast Money 'splains it all for you and then disappears
Mandy: Great blog!
Mark: Thanks to all the contributors on this blog. When I want to get information on the events that really matter, I come here.
Penny: I'm glad I found your blog (from a comment on Think Progress), it's comprehensive and very insightful.
Eric: Nice site....I enjoyed it and will be back.
nora kelly: I enjoy your site. Keep it up! I particularly like your insights on Latin America.
Alison: Loquacious as ever with a touch of elegance -- & right on target as usual!
"Everybody's worried about stopping terrorism. Well, there's a really easy way: stop participating in it."
- Noam Chomsky
Send tips and other comments to: /* ---- overrides for post page ---- */ .post { padding: 0; border: none; }

Sunday, April 19, 2009

Dylan Ratigan (formerly) of CNBC's Fast Money 'splains it all for you and then disappears

from co-blogger, jim burke, who, in a past life, was obviously a fan of the pbs show, "where in the world is carmen sandiego"...
Where in the world is Dylan Ratigan? He is the host of CNBC "Fast Money".

Before we play this game, maybe you don't know who this guy is. A little blurb from Wikipedia below.

In Ratigan’s final CNBC broadcast from the floor of the NYSE he reported on what he called “an important story developing” that Goldman Sachs and “a variety of European banks”, in his assessment and that of his guests, essentially “perpetrated securities fraud” and an “insurance fraud scam” against AIG—and, by extension, the government and taxpayers funding that insurance company’s “bailout”—by insuring their questionable investment vehicles and, upon their devaluation, making claims on them to be paid by AIG “at 100 cents on the dollar” despite all of the markdowns “being forced upon every other” entity including the government, banks, shareholders, bond holders, taxpayers and homeowners. [6]

“I think that it should be a bigger political issue than whether somebody bought an airplane. Forget the private jets, forget who got a million dollar bonus. "Fifty billion dollars”, he emphasized, minimizing what he saw as populist side issues to “the real question” of how “government policy makers” are to deal with the “problems of contract law” inherent in the agreements of businesses receiving government assistance during the financial crisis. [7]

“The banks are being asked to take ‘haircuts’ on their toxic assets, why are the Goldmans and the Deutsche Banks of the world not being asked to take haircuts on their toxic credit default swaps? It’s a real question. I will continue to pursue it for sure, I hope others will as well.” Ratigan praised New York Attorney General Andrew Cuomo’s subpoena of AIG to determine the bank payouts as “legitimate inquiry” and looked forward to “a body of lawmakers in Washington D.C. who are going to ask, it appears, some of the same questions that I’m asking.” [8]

Ratigan is the guy who broke the Enron debacle in the media.

Ratigan recently did a radio interview that is absolutely staggering. Listen via the link below and keep in mind this guy was still an active talking head for CNBC.

Pretty much sums it all up.

Now he's gone. CNBC posted the reason as a dispute with the producer. Hmmm, office politics? Seems to me he was axed for leaving the reservation.

Now for the game, yippeee!

Question # 1
If you report for a corporately owned organization (CNBC/GE) and you attack the Bankers and their Politicians, should you expect a merit raise or a visit from Uncle Vito and his pal, Whispering Jimmy?

Question # 2
Upon learning how Whispering Jimmy got his nickname, do you decide to leave your job or continue with your investigation?

Question # 3
Upon leaving your job and shitcanning the investigation, should you leave a forwarding address?

Bonus Question:
Where is Dylan Ratigan?

I am paralyzed with anticipation awaiting answers. This is gonna get weird, I suspect.

muy interesante... thanks, jim...

Labels: , , , , , , , , ,

Submit To Propeller

And, yes, I DO take it personally home page