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Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, March 30, 2011

Barry Ritholtz begins to understand CNBC

Ritholtz today: I am aghast.

I am watching Squawk Box, and the stream of misstatements, political jargon, and sheer falsity is overwhelming me.

Let me clarify this for you, Joe Kernan: You want to know what the biggest threat to the economy in a century was? RECKLESS OVERLEVERAGED, UNDER-CAPITALIZED BANKERS and the COLLAPSE OF THE FINANCIAL SYSTEM THEY CAUSED.

Remember that little glitch? I know it was a long time ago wat back in 2009, but THAT is and remains the biggest threat to the economy.

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