Larry Kudlow

Media Scaring Countrywide Customers Although Signals Point to its Survival
By Jeff Poor | August 17, 2007 | 4:01 PM EDT

The Los Angeles Times reported a run of Countrywide Bank by its customers as more and more are panicked about the potential of the nation’s largest home lender to go bankruptcy – something fueled by many of the reports in the media.“[S]ales of existing homes fell in 41 states from April through June,” said CBS correspondent Susan McGinnis on the August 16 “The Early Show.” “Meanwhile, foreclosures continue to soar.

The Stock Market Corrects, Why Not the Media?
By Dan Gainor | July 27, 2007 | 5:27 PM EDT

The Dow dropped again today. Scary.And that's exactly how the mainstream press treated it. What goes down, must go down further. Even with the sour coverage on NBC and CBS on July 26, there were voices of reason that warrant commitment to the markets. "So this is not a crash, if anything, it's a correction," said CNN "American Morning" business correspondent Ali Velshi. "It might not even be a correction; it might just be a stop on the way."Wow, good news, even on CNN.