Santelli: Get the Government Out of the Banking System

February 23rd, 2009 3:18 PM
As rumors of nationalization swirl about Bank of America (NYSE:BAC) and Citigroup (NYSE:C), the market indices have fallen. On Feb. 23, Larry Kudlow, co-host of CNBC's "The Call," asked CNBC Chicago Mercantile floor reporter Rick Santelli if the government should be involved in propping these troubled banks. Santelli made waves on CNBC's Feb. 19 "Squawk Box" railing against the Obama…

CNBC's Francis and Haines Call Senate Bailout Bill Tax Add-Ons 'Crap

October 2nd, 2008 10:41 AM
You've got to love brutal honesty, especially when it comes from the financial media. The Senate's version of a bailout bill, which passed last night by a margin of 74-25, included "sweeteners" - or obscure tax breaks - including benefits for the manufacturer of wooden arrows used in children's toys and another for litigants in the 1989 Exxon Valdez oil spill. Melissa Francis, co-host of CNBC'…

On NBC, CNBC's Liesman Raises 'Banana Republic' Spectre

September 18th, 2008 8:27 PM
Comparisons to the current Wall Street financial situation to the Great Depression have not been unusual in the media, but Thursday's NBC Nightly News went a step further into inducing panic. Delivering a healthy dose of hyperbole, Steve Liesman of CNBC prompted a “wow” from anchor Brian Williams when he raised the spectre that the credit troubles could lead, “some” would say, to the “U.S.…

Media Sound Recession Alarm Again, Despite High GDP Growth

December 20th, 2007 5:39 PM